Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Has Pagaya Technologies Ltd. (PGY) been one of those stocks this year? 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.
Pagaya Technologies Ltd. is one of 862 companies in the Finance group. The Finance group currently sits at #3 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 is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Pagaya Technologies Ltd. is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for PGY's full-year earnings has moved 27.4% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, PGY has moved about 132.2% on a year-to-date basis. In comparison, Finance companies have returned an average of 17.6%. This means that Pagaya Technologies Ltd. is outperforming the sector as a whole this year.
Banco De Chile (BCH) is another Finance stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 67.8%.
For Banco De Chile, the consensus EPS estimate for the current year has increased 0.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Pagaya Technologies Ltd. is a member of the Financial - Miscellaneous Services industry, which includes 102 individual companies and currently sits at #111 in the Zacks Industry Rank. On average, stocks in this group have lost 5.1% this year, meaning that PGY is performing better in terms of year-to-date returns.
Banco De Chile, however, belongs to the Banks - Foreign industry. Currently, this 67-stock industry is ranked #79. The industry has moved +54.6% so far this year.
Investors interested in the Finance sector may want to keep a close eye on Pagaya Technologies Ltd. and Banco De Chile as they attempt to continue their solid performance.
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Pagaya Technologies Ltd. (PGY): Free Stock Analysis Report Banco De Chile (BCH): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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