Is ACNB (ACNB) 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. 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 one of 863 individual stocks in the Finance sector. Collectively, these companies sit at #2 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. ACNB is currently sporting a Zacks Rank of #1 (Strong Buy).Within the past quarter, the Zacks Consensus Estimate for ACNB's full-year earnings has moved 7.1% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.Based on the most recent data, ACNB has returned 29.5% so far this year. In comparison, Finance companies have returned an average of 17.2%. This means that ACNB is performing better than its sector in terms of year-to-date returns.One other Finance stock that has outperformed the sector so far this year is Pagaya Technologies Ltd. (PGY). The stock is up 168.7% year-to-date.For Pagaya Technologies Ltd., the consensus EPS estimate for the current year has increased 27.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).Looking more specifically, ACNB belongs to the Banks - Southwest industry, which includes 19 individual stocks and currently sits at #29 in the Zacks Industry Rank. On average, this group has gained an average of 8.8% so far this year, meaning that ACNB is performing better in terms of year-to-date returns. Pagaya Technologies Ltd., however, belongs to the Financial - Miscellaneous Services industry. Currently, this 102-stock industry is ranked #85. The industry has moved -1.7% so far this year.Going forward, investors interested in Finance stocks should continue to pay close attention to ACNB and Pagaya Technologies Ltd. as they could maintain their solid performance.Zacks' Research Chief Picks Stock Most Likely to "At Least Double"Our experts have revealed their Top 5 recommendations with money-doubling potential – and Director of Research Sheraz Mian believes one is superior to the others. Of course, all our picks aren’t winners but this one could far surpass earlier recommendations like Hims & Hers Health, which shot up +209%.See Our Top Stock to Double (Plus 4 Runners Up) >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ACNB Corporation (ACNB): Free Stock Analysis Report Pagaya Technologies Ltd. (PGY): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks
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Quelle: Zacks