Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Is Axos Financial (AX) one of those stocks right now? 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.
Axos Financial is a member of the Finance sector. This group includes 848 individual stocks and currently holds a Zacks Sector Rank of #4. 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. Axos Financial is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for AX's full-year earnings has moved 6.5% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that AX has returned about 4.4% since the start of the calendar year. In comparison, Finance companies have returned an average of -2.1%. This means that Axos Financial is performing better than its sector in terms of year-to-date returns.
Another stock in the Finance sector, The Bank of New York Mellon Corporation (BK), has outperformed the sector so far this year. The stock's year-to-date return is 1.6%.
The consensus estimate for The Bank of New York Mellon Corporation's current year EPS has increased 2.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Axos Financial belongs to the Financial - Miscellaneous Services industry, a group that includes 102 individual stocks and currently sits at #139 in the Zacks Industry Rank. On average, this group has lost an average of 12.7% so far this year, meaning that AX is performing better in terms of year-to-date returns.
On the other hand, The Bank of New York Mellon Corporation belongs to the Banks - Major Regional industry. This 9-stock industry is currently ranked #21. The industry has moved +1.9% year to date.
Investors interested in the Finance sector may want to keep a close eye on Axos Financial and The Bank of New York Mellon Corporation as they attempt to continue their solid performance.
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AXOS FINANCIAL, INC (AX): Free Stock Analysis Report The Bank of New York Mellon Corporation (BK): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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