Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Is Concrete Pumping (BBCP) one of those stocks right now? 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.
Concrete Pumping 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 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. Concrete Pumping is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for BBCP's full-year earnings has moved 41.7% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, BBCP has moved about 56.9% on a year-to-date basis. In comparison, Business Services companies have returned an average of -9.2%. This means that Concrete Pumping is outperforming the sector as a whole this year.
Another Business Services stock, which has outperformed the sector so far this year, is Clean Harbors (CLH). The stock has returned 29.5% year-to-date.
The consensus estimate for Clean Harbors' current year EPS has increased 4.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Concrete Pumping belongs to the Waste Removal Services industry, which includes 23 individual stocks and currently sits at #95 in the Zacks Industry Rank. On average, this group has lost an average of 1.5% so far this year, meaning that BBCP is performing better in terms of year-to-date returns. Clean Harbors is also part of the same industry.
Investors with an interest in Business Services stocks should continue to track Concrete Pumping and Clean Harbors. These stocks will be looking to continue their solid performance.
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