Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Has Cronos Group (CRON) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Cronos Group is a member of the Finance sector. This group includes 857 individual stocks and currently holds a Zacks Sector Rank of #8. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. CRON is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for CRON's full-year earnings has moved 100% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, CRON has moved about 54.19% on a year-to-date basis. Meanwhile, the Finance sector has returned an average of 13.07% on a year-to-date basis. This means that Cronos Group is outperforming the sector as a whole this year.
To break things down more, CRON belongs to the Financial - Investment Management industry, a group that includes 52 individual companies and currently sits at #104 in the Zacks Industry Rank. On average, this group has gained an average of 22.63% so far this year, meaning that CRON is performing better in terms of year-to-date returns.
CRON will likely be looking to continue its solid performance, so investors interested in Finance stocks should continue to pay close attention to the company.
Cronos Group Inc. (CRON): Free Stock Analysis Report
Original post
Zacks Investment Research