For those looking to find strong Conglomerates stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Grupo Cibest (CIB) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Grupo Cibest is a member of our Conglomerates group, which includes 28 different companies and currently sits at #1 in the Zacks Sector Rank. 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 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. Grupo Cibest is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for CIB's full-year earnings has moved 22.5% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, CIB has returned 47.9% so far this year. Meanwhile, stocks in the Conglomerates group have lost about 17.9% on average. As we can see, Grupo Cibest is performing better than its sector in the calendar year.
Griffon (GFF) is another Conglomerates stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 25.1%.
In Griffon's case, the consensus EPS estimate for the current year increased 11% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Grupo Cibest belongs to the Diversified Operations industry, a group that includes 28 individual stocks and currently sits at #41 in the Zacks Industry Rank. This group has lost an average of 17.9% so far this year, so CIB is performing better in this area. Griffon is also part of the same industry.
Investors interested in the Conglomerates sector may want to keep a close eye on Grupo Cibest and Griffon as they attempt to continue their solid performance.
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Grupo Cibest S.A. - Sponsored ADR (CIB): Free Stock Analysis Report
Griffon Corporation (GFF): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).