Investors seeking opportunities within the finance sector often focus on identifying companies with robust performance metrics. Among these, BGC Group (BGC) stands out as a notable contender. This analysis delves into how BGC's recent financial returns stack up against the broader finance sector, exploring its year-to-date performance and comparing it to other key players like AllianceBernstein (AB). By examining their respective performances, we aim to provide insights into whether these stocks are poised for continued success.
BGC Group is part of the finance group comprising 867 firms, ranking third in the Zacks Sector Rank. The Zacks Sector Rank evaluates the strength of each of its 16 sectors by averaging the Zacks Rank scores of individual stocks within them. Notably, BGC carries a Zacks Rank of #1 (Strong Buy), signifying strong potential for market-beating performance over the next one to three months. Recent data reveals that analysts have raised full-year earnings estimates for BGC by 9% in the last quarter, reflecting improved sentiment towards its earnings outlook.
Year-to-date, BGC has delivered a return of approximately 2.8%, slightly surpassing the average return of 2.7% among finance companies. Another standout performer in the same sector is AllianceBernstein, which also boasts a year-to-date return of 2.8%. Analysts have adjusted AllianceBernstein’s consensus earnings per share (EPS) estimate upward by 1.5% over the past three months, positioning it with a Zacks Rank of #2 (Buy).
Breaking down further, BGC operates within the Financial - Investment Bank industry, consisting of 21 companies currently ranked #26 in the Zacks Industry Rank. Despite this industry experiencing a slight decline of 0.5% year-to-date, BGC continues to outperform. Conversely, AllianceBernstein resides in the Financial - Investment Management industry, made up of 36 firms ranked #143. This industry has seen a more pronounced dip of -11.7% year-to-date.
For investors keen on finance stocks, both BGC Group and AllianceBernstein warrant close attention. Their solid performances thus far suggest promising prospects for future growth, making them key contenders worth monitoring in an ever-evolving market landscape.