Yahoo Finance Is Oscar Health (OSCR) 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. Oscar Health, Inc. (OSCR) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
Oscar Health, Inc. is a member of our Finance group, which includes 862 different companies and currently sits at #5 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. Oscar Health, Inc. is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for OSCR's full-year earnings has moved 71.9% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that OSCR has returned about 73.8% since the start of the calendar year. Meanwhile, stocks in the Finance group have gained about 11.5% on average. This means that Oscar Health, Inc. is performing better than its sector in terms of year-to-date returns.
Acadia Realty Trust (AKR) is another Finance stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 18.3%.
In Acadia Realty Trust's case, the consensus EPS estimate for the current year increased 0.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Oscar Health, Inc. belongs to the Insurance - Multi line industry, a group that includes 39 individual stocks and currently sits at #189 in the Zacks Industry Rank. On average, this group has gained an average of 10.8% so far this year, meaning that OSCR is performing better in terms of year-to-date returns.
Acadia Realty Trust, however, belongs to the REIT and Equity Trust - Retail industry. Currently, this 20-stock industry is ranked #35. The industry has moved -0.6% so far this year.
Oscar Health, Inc. and Acadia Realty Trust could continue their solid performance, so investors interested in Finance stocks should continue to pay close attention to these stocks.
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