Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Geo Group (GEO) 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? Let's take a closer look at the stock's year-to-date performance to find out.
Geo Group is one of 246 individual stocks in the Business Services sector. Collectively, these companies sit at #8 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 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. Geo Group is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for GEO's full-year earnings has moved 0.3% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that GEO has returned about 94.9% since the start of the calendar year. At the same time, Business Services stocks have lost an average of 6.8%. This means that Geo Group is outperforming the sector as a whole this year.
One other Business Services stock that has outperformed the sector so far this year is Enpro (NPO). The stock is up 53.4% year-to-date.
For Enpro, the consensus EPS estimate for the current year has increased 4.3% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Geo Group belongs to the Government Services industry, a group that includes 3 individual stocks and currently sits at #51 in the Zacks Industry Rank. Stocks in this group have gained about 10.3% so far this year, so GEO is performing better this group in terms of year-to-date returns.
On the other hand, Enpro belongs to the Technology Services industry. This 121-stock industry is currently ranked #154. The industry has moved -4.8% year to date.
Investors interested in the Business Services sector may want to keep a close eye on Geo Group and Enpro as they attempt to continue their solid performance.
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