Investors focused on the Finance space have likely heard of STORE Capital (STOR), but is the stock performing well in comparison to the rest of its sector peers? 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.
STORE Capital is one of 856 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. STOR is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for STOR's full-year earnings has moved 0.39% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that STOR has returned about 17.59% since the start of the calendar year. In comparison, Finance companies have returned an average of 14.21%. This shows that STORE Capital is outperforming its peers so far this year.
Looking more specifically, STOR belongs to the REIT and Equity Trust - Retail industry, a group that includes 28 individual stocks and currently sits at #173 in the Zacks Industry Rank. On average, this group has gained an average of 14.21% so far this year, meaning that STOR is performing better in terms of year-to-date returns.
STOR will likely be looking to continue its solid performance, so investors interested in Finance stocks should continue to pay close attention to the company.
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