For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Is ACNB (ACNB) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
ACNB is a member of the Finance sector. This group includes 855 individual stocks and currently holds a Zacks Sector Rank of #3. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. ACNB is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for ACNB's full-year earnings has moved 4.2% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, ACNB has returned 8% so far this year. Meanwhile, stocks in the Finance group have gained about 1.4% on average. As we can see, ACNB is performing better than its sector in the calendar year.
Another stock in the Finance sector, Goldman Sachs (GS), has outperformed the sector so far this year. The stock's year-to-date return is 6.8%.
The consensus estimate for Goldman Sachs' current year EPS has increased 3.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, ACNB belongs to the Banks - Southwest industry, a group that includes 19 individual stocks and currently sits at #19 in the Zacks Industry Rank. On average, stocks in this group have gained 8.7% this year, meaning that ACNB is slightly underperforming its industry in terms of year-to-date returns.
Goldman Sachs, however, belongs to the Financial - Investment Bank industry. Currently, this 21-stock industry is ranked #40. The industry has moved +0.5% so far this year.
Investors with an interest in Finance stocks should continue to track ACNB and Goldman Sachs. These stocks will be looking to continue their solid performance.
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ACNB Corporation (ACNB): Free Stock Analysis Report The Goldman Sachs Group, Inc. (GS): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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