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Is Blackstone Group IncThe (BX) Outperforming Other Finance Stocks This Year?
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Investors focused on the Finance space have likely heard of Blackstone Group IncThe (BX - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
Blackstone Group IncThe is a member of the Finance sector. This group includes 894 individual stocks and currently holds a Zacks Sector Rank of #5. 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. BX is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for BX's full-year earnings has moved 20.73% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, BX has moved about 15.37% on a year-to-date basis. At the same time, Finance stocks have lost an average of 2.75%. This means that Blackstone Group IncThe is outperforming the sector as a whole this year.
Looking more specifically, BX belongs to the Financial - Investment Management industry, a group that includes 48 individual stocks and currently sits at #109 in the Zacks Industry Rank. Stocks in this group have gained about 19.62% so far this year, so BX is slightly underperforming its industry this group in terms of year-to-date returns.
Going forward, investors interested in Finance stocks should continue to pay close attention to BX as it looks to continue its solid performance.
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Is Blackstone Group IncThe (BX) Outperforming Other Finance Stocks This Year?
Investors focused on the Finance space have likely heard of Blackstone Group IncThe (BX - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
Blackstone Group IncThe is a member of the Finance sector. This group includes 894 individual stocks and currently holds a Zacks Sector Rank of #5. 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. BX is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for BX's full-year earnings has moved 20.73% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, BX has moved about 15.37% on a year-to-date basis. At the same time, Finance stocks have lost an average of 2.75%. This means that Blackstone Group IncThe is outperforming the sector as a whole this year.
Looking more specifically, BX belongs to the Financial - Investment Management industry, a group that includes 48 individual stocks and currently sits at #109 in the Zacks Industry Rank. Stocks in this group have gained about 19.62% so far this year, so BX is slightly underperforming its industry this group in terms of year-to-date returns.
Going forward, investors interested in Finance stocks should continue to pay close attention to BX as it looks to continue its solid performance.