Investors interested in financial stocks should always look for the best performing group companies. Has Green Brick Partners ( GRBK ) been one of those stocks this year? Let’s take a closer look at the stock’s year-to-date performance to find out.
Green Brick Partners is a member of the Finance industry. This group includes 860 individual stocks and currently has a Zacks Sector Rank #2. The Zacks Sector Rank measures the strength of our 16 individual sector groups by measuring the average Zacks Rank of individual stocks in the groups.
Zacks Rank is a successful stock picking model that highlights earnings estimates and estimate revisions. The system highlights a number of different stocks that could outperform the broader market over the next one to three months. Green Brick Partners currently has a Zacks Rank #1 (Strong Buy).
The Zacks Consensus Estimate for GRBK’s full-year earnings has risen 6.1% over the past three months. This is a sign of improving analyst sentiment and a positive trend in earnings forecasts.
Based on the latest data, GRBK has returned 33.2% this year. For comparison, Financial companies returned an average of 6.3 percent. This indicates that Green Brick Partners is outperforming its peers this year.
The Bank of New York Mellon Corporation ( BK ) is another financial stock that has outperformed the sector this year. Shares have returned 18% since the start of the year.
The current year consensus EPS estimate for The Bank of New York Mellon Corporation has risen 2.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
More specifically, Green Brick Partners belongs to the Real Estate Development industry, a group that includes 11 individual stocks and is currently ranked #80 on the Zacks Industry Rank. This group has lost an average of 11.9% this year, so GRBK is outperforming in this area.
In contrast, The Bank of New York Mellon Corporation belongs to Banks – Major Regional industry. Currently, this industry has 15 stocks and is ranked #35. Since the beginning of the year, the industry has moved by +10.3 percent.
Green Brick Partners and The Bank of New York Mellon Corporation may continue their strong performance, so investors interested in Finance stocks should continue to pay close attention to these stocks.
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Green Brick Partners, Inc. (GRBK). Free stock analysis report
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