Is Cboe Global Markets (CBOE) Stock Outpacing Its Finance Peers This Year?
Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. CBOE Global (CBOE) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question.
CBOE Global is one of 845 individual stocks in the Finance sector. Collectively, these companies sit at #9 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. CBOE Global is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for CBOE's full-year earnings has moved 4% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, CBOE has returned 43.1% so far this year. Meanwhile, stocks in the Finance group have gained about 10.2% on average. As we can see, CBOE Global is performing better than its sector in the calendar year.
Coinbase Global, Inc. (COIN) is another Finance stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 261.2%.
For Coinbase Global, Inc. the consensus EPS estimate for the current year has increased 62.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, CBOE Global belongs to the Securities and Exchanges industry, a group that includes 8 individual stocks and currently sits at #68 in the Zacks Industry Rank. Stocks in this group have gained about 24.9% so far this year, so CBOE is performing better this group in terms of year-to-date returns. Coinbase Global, Inc. is also part of the same industry.
Investors with an interest in Finance stocks should continue to track CBOE Global and Coinbase Global, Inc. These stocks will be looking to continue their solid performance.
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Cboe Global Markets, Inc. (CBOE) : Free Stock Analysis Report
Coinbase Global, Inc. (COIN) : Free Stock Analysis Report
