Investors focused on the Finance space have likely heard of Two Harbors Investments (TWO), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of TWO and the rest of the Finance group's stocks.
Two Harbors Investments is one of 851 companies in the Finance group. The Finance group currently sits at #11 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. TWO is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for TWO's full-year earnings has moved 1.58% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, TWO has returned 9.11% so far this year. At the same time, Finance stocks have gained an average of 8.32%. This shows that Two Harbors Investments is outperforming its peers so far this year.
To break things down more, TWO belongs to the REIT and Equity Trust industry, a group that includes 29 individual companies and currently sits at #154 in the Zacks Industry Rank. Stocks in this group have gained about 8.90% so far this year, so TWO is performing better this group in terms of year-to-date returns.
Investors with an interest in Finance stocks should continue to track TWO. The stock will be looking to continue its solid performance.
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