The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Concrete Pumping (BBCP) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Concrete Pumping is one of 247 companies in the Business Services group. The Business Services group currently sits at #5 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. 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 signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, BBCP has gained about 57.8% so far this year. Meanwhile, stocks in the Business Services group have lost about 8.7% on average. This shows that Concrete Pumping is outperforming its peers so far this year.
Esco Technologies (ESE) is another Business Services stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 69.6%.
For Esco Technologies, the consensus EPS estimate for the current year has increased 1.1% 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 #55 in the Zacks Industry Rank. On average, this group has lost an average of 2.5% so far this year, meaning that BBCP 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 #152. The industry has moved -0.3% so far this year.
Going forward, investors interested in Business Services stocks should continue to pay close attention to Concrete Pumping and Esco Technologies as they could maintain their solid performance.
Zacks' Research Chief Names "Stock Most Likely to Double"
Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.
This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.
Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
CONCRETE PUMPING HOLDINGS, INC. (BBCP): Free Stock Analysis Report
ESCO Technologies Inc. (ESE): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).