Is Chimera Investment (CIM) Outperforming Other Finance Stocks This Year?
Investors focused on the Finance space have likely heard of Chimera Investment (CIM), 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.
Chimera Investment is a member of the Finance sector. This group includes 848 individual stocks and currently holds a Zacks Sector Rank of #4. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. CIM is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for CIM's full-year earnings has moved 2.36% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, CIM has returned 8.81% so far this year. Meanwhile, the Finance sector has returned an average of 8.27% on a year-to-date basis. This means that Chimera Investment is outperforming the sector as a whole this year.
Looking more specifically, CIM belongs to the REIT and Equity Trust industry, a group that includes 29 individual stocks and currently sits at #25 in the Zacks Industry Rank. This group has gained an average of 9.03% so far this year, so CIM is slightly underperforming its industry in this area.
Going forward, investors interested in Finance stocks should continue to pay close attention to CIM 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.