Is Geo Group Inc (GEO) Stock Outpacing Its Finance Peers This Year?
Investors focused on the Finance space have likely heard of Geo Group Inc (GEO), but is the stock performing well in comparison to the rest of its sector peers? 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.
Geo Group Inc is a member of our Finance group, which includes 854 different companies and currently sits at #10 in the Zacks Sector Rank. 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 proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. GEO is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for GEO's full-year earnings has moved 35.79% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, GEO has moved about 17.97% on a year-to-date basis. Meanwhile, the Finance sector has returned an average of 10.01% on a year-to-date basis. This means that Geo Group Inc is outperforming the sector as a whole this year.
Looking more specifically, GEO belongs to the REIT and Equity Trust - Other industry, a group that includes 117 individual stocks and currently sits at #95 in the Zacks Industry Rank. Stocks in this group have gained about 22.28% so far this year, so GEO is slightly underperforming its industry this group in terms of year-to-date returns.
Investors with an interest in Finance stocks should continue to track GEO. The stock will be looking 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.