Are Conglomerates Stocks Lagging Grupo Cibest S.A. - Sponsored ADR (CIB) This Year?

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? A quick glance at the company's year-to-date performance in comparison to the rest of the Conglomerates sector should help us answer this question.

Grupo Cibest is a member of the Conglomerates sector. This group includes 27 individual stocks and currently holds a Zacks Sector Rank of #1. 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Grupo Cibest is currently sporting a Zacks Rank of #1 (Strong Buy).

The Zacks Consensus Estimate for CIB's full-year earnings has moved 22.5% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Our latest available data shows that CIB has returned about 54% since the start of the calendar year. In comparison, Conglomerates companies have returned an average of -14.5%. This shows that Grupo Cibest is outperforming its peers so far this year.

One other Conglomerates stock that has outperformed the sector so far this year is Griffon (GFF). The stock is up 32.3% year-to-date.

Over the past three months, Griffon's consensus EPS estimate for the current year has increased 4.8%. The stock currently has a Zacks Rank #2 (Buy).

Looking more specifically, Grupo Cibest belongs to the Diversified Operations industry, a group that includes 27 individual stocks and currently sits at #45 in the Zacks Industry Rank. On average, stocks in this group have lost 14.5% this year, meaning that CIB is performing better in terms of year-to-date returns. Griffon is also part of the same industry.

Investors with an interest in Conglomerates stocks should continue to track Grupo Cibest and Griffon. These stocks will be looking to continue their solid performance.

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This article originally published on Zacks Investment Research (zacks.com).

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