Are Finance Stocks Lagging Mr. Cooper Group (COOP) This Year?

Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Has Mr Cooper (COOP) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question.

Mr Cooper is a member of the Finance sector. This group includes 857 individual stocks and currently holds a Zacks Sector Rank of #4. 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Mr Cooper is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for COOP's full-year earnings has moved 1.9% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Our latest available data shows that COOP has returned about 12.8% since the start of the calendar year. Meanwhile, stocks in the Finance group have gained about 2.6% on average. This means that Mr Cooper is performing better than its sector in terms of year-to-date returns.

Hercules Capital (HTGC) is another Finance stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 11.6%.

Over the past three months, Hercules Capital's consensus EPS estimate for the current year has increased 1.5%. The stock currently has a Zacks Rank #2 (Buy).

Breaking things down more, Mr Cooper is a member of the Financial - Consumer Loans industry, which includes 17 individual companies and currently sits at #156 in the Zacks Industry Rank. On average, this group has gained an average of 2.8% so far this year, meaning that COOP is performing better in terms of year-to-date returns.

On the other hand, Hercules Capital belongs to the Financial - SBIC & Commercial Industry industry. This 34-stock industry is currently ranked #212. The industry has moved +2.4% year to date.

Investors interested in the Finance sector may want to keep a close eye on Mr Cooper and Hercules Capital as they attempt to continue their solid performance.

Just Released: Zacks Top 10 Stocks for 2024

Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.

See New Top 10 Stocks >>

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

MR. COOPER GROUP INC (COOP) : Free Stock Analysis Report

Hercules Capital, Inc. (HTGC) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

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

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.