Any investor who is focusing their efforts on the finance industry, has more than likely heard of CURO Group Holdings, but the question is, is the company’s stock performing better than the rest of their peers? If we take a look at the company’s year to date performance, in comparison with the rest of the finance sector, we should be able to answer this question.
CURO Group, is one of 843 publically traded companies in the finance group, with the finance group currently sitting at sixth position on the Zacks sector rank. Zacks ranking system covers 16 different groups and is ranked from best to worst in terms of the average Zacks rank for the individual companies in each group.
The Zacks rank, focuses on earnings estimates, and estimate revisions to find stocks with improving outlooks for the future. The Zacks system has a history of being successful and the stocks chosen usually are on the right path to beat the market over the course of the next two to three months. CURO Group is currently holding a Zacks rank of #2, or in simple terms a Buy rating.
Over the course of the last three months, the Zacks analyst estimate for CURO’s full year earnings has moved a staggering 5.09% higher, which signals that analyst sentiment is improving for the company, alongside a positive earnings outlook. Now on a year to date basis, CURO has moved over 50% while in the same time frame finance related stocks have gained an average across the board of 17.04%. This in essence means that CURO Group is outperforming the whole finance sector as a whole this financial year.
To go into more detail, CURO Group belongs to the financial consumer loans industry. This sector is a group that includes more than twenty companies and sits at #65 in the Zacks industry rank. Stocks in this group have gained over 32% this year so far, so CURO is performing better than the whole group in terms of year to date returns. Investors in the Finance sector will want to keep a close eye on CURO as it attempts to continue its solid performance
Yuto Haruki – NA International