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Is Prospect Capital (PSEC) Stock Outpacing Its Finance Peers This Year?

Zacks Equity Research
Updated
Is (MCS) Outperforming Other Consumer Discretionary Stocks This Year?

For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Prospect Capital (PSEC) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of PSEC and the rest of the Finance group's stocks.

Prospect Capital is a member of the Finance sector. This group includes 829 individual stocks and currently holds a Zacks Sector Rank of #9. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

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. PSEC is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for PSEC's full-year earnings has moved 3.40% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

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According to our latest data, PSEC has moved about 2.23% on a year-to-date basis. In comparison, Finance companies have returned an average of -1.52%. This means that Prospect Capital is performing better than its sector in terms of year-to-date returns.

Looking more specifically, PSEC belongs to the Financial - Investment Management industry, a group that includes 49 individual stocks and currently sits at #218 in the Zacks Industry Rank. Stocks in this group have lost about 0.96% so far this year, so PSEC is performing better this group in terms of year-to-date returns.

PSEC will likely be looking to continue its solid performance, so investors interested Finance stocks should continue to pay close attention to the company.


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