Is Concrete Pumping Holdings (BBCP) Outperforming Other Business Services Stocks This Year?

For those looking to find strong Business Services stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Concrete Pumping (BBCP) 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.

Concrete Pumping is a member of the Business Services sector. This group includes 245 individual stocks and currently holds a Zacks Sector Rank of #8. 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 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. Concrete Pumping is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for BBCP's full-year earnings has moved 11.8% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Based on the latest available data, BBCP has gained about 39.5% so far this year. Meanwhile, stocks in the Business Services group have lost about 12.3% on average. This shows that Concrete Pumping is outperforming its peers so far this year.

H20 (HTO) is another Business Services stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 19.4%.

For H20, the consensus EPS estimate for the current year has increased 3.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

To break things down more, Concrete Pumping belongs to the Waste Removal Services industry, a group that includes 22 individual companies and currently sits at #46 in the Zacks Industry Rank. Stocks in this group have lost about 9.6% so far this year, so BBCP is performing better this group in terms of year-to-date returns. H20 is also part of the same industry.

Concrete Pumping and H20 could continue their solid performance, so investors interested in Business Services stocks should continue to pay close attention to these stocks.

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.

Of course, all our elite picks aren't winners, but this one could far surpass earlier Zacks' Stocks Set to Double like D-Wave Quantum, which shot up +680.1%.

Want 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

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research