Investors focused on the Finance space have likely heard of Ready Capital (RC), but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.
Ready Capital is one of 851 individual stocks in the Finance sector. Collectively, these companies sit at #11 in 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. RC is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for RC's full-year earnings has moved 1.12% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, RC has moved about 16.77% on a year-to-date basis. Meanwhile, stocks in the Finance group have gained about 10.77% on average. This means that Ready Capital is performing better than its sector in terms of year-to-date returns.
To break things down more, RC belongs to the REIT and Equity Trust industry, a group that includes 29 individual companies and currently sits at #91 in the Zacks Industry Rank. This group has gained an average of 7.78% so far this year, so RC is performing better in this area.
RC will likely be looking to continue its solid performance, so investors interested in Finance stocks should continue to pay close attention to the company.
Ready Capital Corp (RC): Free Stock Analysis Report
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Zacks Investment Research