Technology

Has CBRE Group (CBRE) Outpaced Other Finance Stocks This Year?

Investors focused on the Finance space have likely heard of CBRE Group (CBRE), but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

CBRE Group is a member of our Finance group, which includes 856 different companies and currently sits at #11 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. CBRE is currently sporting a Zacks Rank of #1 (Strong Buy).

Within the past quarter, the Zacks Consensus Estimate for CBRE's full-year earnings has moved 5.55% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

According to our latest data, CBRE has moved about 28.02% on a year-to-date basis. In comparison, Finance companies have returned an average of 11.80%. As we can see, CBRE Group is performing better than its sector in the calendar year.

Looking more specifically, CBRE belongs to the Real Estate - Operations industry, a group that includes 30 individual stocks and currently sits at #35 in the Zacks Industry Rank. This group has gained an average of 22.94% so far this year, so CBRE is performing better in this area.

Going forward, investors interested in Finance stocks should continue to pay close attention to CBRE as it looks to continue its solid performance.


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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.

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