The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. CBIZ (CBZ) 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? A quick glance at the company's year-to-date performance in comparison to the rest of the Business Services sector should help us answer this question.
CBIZ is one of 246 companies in the Business Services group. The Business Services group currently sits at #10 within the Zacks Sector Rank. 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. CBIZ is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for CBZ's full-year earnings has moved 0.7% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, CBZ has moved about 8% on a year-to-date basis. At the same time, Business Services stocks have lost an average of 7.7%. This means that CBIZ is performing better than its sector in terms of year-to-date returns.
Another Business Services stock, which has outperformed the sector so far this year, is Esco Technologies (ESE). The stock has returned 56.5% year-to-date.
The consensus estimate for Esco Technologies' current year EPS has increased 1.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, CBIZ belongs to the Consulting Services industry, a group that includes 13 individual companies and currently sits at #43 in the Zacks Industry Rank. On average, this group has lost an average of 17.6% so far this year, meaning that CBZ is performing better in terms of year-to-date returns.
Esco Technologies, however, belongs to the Technology Services industry. Currently, this 121-stock industry is ranked #154. The industry has moved -7.6% so far this year.
Investors with an interest in Business Services stocks should continue to track CBIZ and Esco Technologies. These stocks will be looking to continue their solid performance.
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