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Is Credicorp (BAP) Stock Outpacing Its Finance Peers This Year?
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The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Credicorp (BAP - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Credicorp is one of 827 individual stocks in the Finance sector. Collectively, these companies sit at #9 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. BAP is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for BAP's full-year earnings has moved 0.77% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, BAP has moved about 8.21% on a year-to-date basis. Meanwhile, the Finance sector has returned an average of -4.20% on a year-to-date basis. This shows that Credicorp is outperforming its peers so far this year.
Looking more specifically, BAP belongs to the Banks - Foreign industry, which includes 70 individual stocks and currently sits at #243 in the Zacks Industry Rank. On average, stocks in this group have lost 12.56% this year, meaning that BAP is performing better in terms of year-to-date returns.
BAP will likely be looking to continue its solid performance, so investors interested Finance stocks should continue to pay close attention to the company.
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Is Credicorp (BAP) Stock Outpacing Its Finance Peers This Year?
The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Credicorp (BAP - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Credicorp is one of 827 individual stocks in the Finance sector. Collectively, these companies sit at #9 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. BAP is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for BAP's full-year earnings has moved 0.77% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, BAP has moved about 8.21% on a year-to-date basis. Meanwhile, the Finance sector has returned an average of -4.20% on a year-to-date basis. This shows that Credicorp is outperforming its peers so far this year.
Looking more specifically, BAP belongs to the Banks - Foreign industry, which includes 70 individual stocks and currently sits at #243 in the Zacks Industry Rank. On average, stocks in this group have lost 12.56% this year, meaning that BAP is performing better in terms of year-to-date returns.
BAP will likely be looking to continue its solid performance, so investors interested Finance stocks should continue to pay close attention to the company.