Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Has RB Global (RBA) 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 Business Services sector should help us answer this question.
RB Global is a member of the Business Services sector. This group includes 247 individual stocks and currently holds a Zacks Sector Rank of #8. 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 system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. RB Global is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for RBA's full-year earnings has moved 3.1% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, RBA has returned 8.5% so far this year. Meanwhile, stocks in the Business Services group have lost about 8.7% on average. This means that RB Global is outperforming the sector as a whole this year.
Another Business Services stock, which has outperformed the sector so far this year, is Geo Group (GEO). The stock has returned 82.8% year-to-date.
In Geo Group's case, the consensus EPS estimate for the current year increased 2.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, RB Global belongs to the Financial Transaction Services industry, a group that includes 37 individual companies and currently sits at #95 in the Zacks Industry Rank. Stocks in this group have lost about 8.6% so far this year, so RBA is performing better this group in terms of year-to-date returns.
On the other hand, Geo Group belongs to the Government Services industry. This 3-stock industry is currently ranked #8. The industry has moved +2.7% year to date.
Going forward, investors interested in Business Services stocks should continue to pay close attention to RB Global and Geo Group as they could maintain their solid performance.
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RB Global, Inc. (RBA): Free Stock Analysis Report
Geo Group Inc (The) (GEO): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).