For those looking to find strong Business Services stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Healthcare Services (HCSG) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Healthcare Services is a member of our Business Services group, which includes 246 different companies and currently sits at #8 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. Healthcare Services is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for HCSG's full-year earnings has moved 8.9% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, HCSG has returned 22.4% so far this year. Meanwhile, the Business Services sector has returned an average of -7.5% on a year-to-date basis. This means that Healthcare Services is performing better than its sector in terms of year-to-date returns.
Marsh (MRSH) is another Business Services stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 4%.
The consensus estimate for Marsh's current year EPS has increased 0.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Healthcare Services belongs to the Business - Services industry, which includes 20 individual stocks and currently sits at #198 in the Zacks Industry Rank. On average, stocks in this group have lost 10% this year, meaning that HCSG is performing better in terms of year-to-date returns. Marsh is also part of the same industry.
Investors interested in the Business Services sector may want to keep a close eye on Healthcare Services and Marsh as they attempt to continue their solid performance.
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