Axis Capital Outperforming Finance Sector Peers in Year-to-Date Returns

Understanding the Performance of Axis Capital (AXS) in the Finance Sector

When looking at the vast pool of stocks within the finance sector, it’s crucial to identify companies that are outperforming their peers. A prime example of such a company is Axis Capital (AXS). By comparing the year-to-date performance of Axis Capital to other finance sector companies, it becomes apparent that AXS is leading the pack.

Utilizing the Zacks Rank to Analyze Stock Performance

Axis Capital is one among 871 individual stocks in the finance sector, which currently holds the top position in the Zacks Sector Rank. This ranking system considers 16 different sector groups and measures their individual stocks’ average Zacks Rank. The system is renowned for emphasizing earnings estimates and estimate revisions to identify stocks with improved earnings outlooks. Currently, Axis Capital is sporting a commendable Zacks Rank of #2 (Buy).

Assessing the Earnings Outlook for Axis Capital

In the past 90 days, the Zacks Consensus Estimate for AXS’s full-year earnings has seen a positive shift, with a 1.2% increase. This indicates an optimistic sentiment among analysts and a promising earnings outlook trend. Based on recent data, AXS has returned a remarkable 67.7% this year, compared to the average return of 26.2% for finance companies. This shows that Axis Capital is significantly outperforming the sector.

Comparing Axis Capital and Mr Cooper’s Performance in the Finance Sector

Another finance sector stock worth mentioning is Mr Cooper (COOP), which has demonstrated strong performance this year with a year-to-date return of 49.3%. The consensus EPS estimate for Mr Cooper has also seen a rise of 3.1% over the past three months, earning it a Zacks Rank #2 (Buy) as well.

Axis Capital and Mr Cooper’s Industry-specific Performance

Looking at industry-specific performance, Axis Capital belongs to the Insurance – Property and Casualty industry, which includes 40 individual stocks currently sitting at #32 in the Zacks Industry Rank. On average, this group has gained 31.4% this year, indicating that AXS is outperforming in terms of year-to-date returns. On the other hand, Mr Cooper is part of the Financial – Consumer Loans industry, which consists of 16 stocks and is ranked #174. This industry has moved +39.1% this year. Thus, both Axis Capital and Mr Cooper are worth considering for investors interested in the Finance sector.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.