For those looking to find strong Business Services stocks, it is prudent to search for companies in the group that are outperforming their peers. CBIZ (CBZ) 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.
CBIZ is a member of the Business Services sector. This group includes 248 individual stocks and currently holds a Zacks Sector Rank of #11. 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. CBIZ is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for CBZ's full-year earnings has moved 2.4% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, CBZ has moved about 8.2% on a year-to-date basis. Meanwhile, the Business Services sector has returned an average of -12.1% on a year-to-date basis. As we can see, CBIZ is performing better than its sector in the calendar year.
Paysign, Inc. (PAYS) is another Business Services stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 141.2%.
The consensus estimate for Paysign, Inc.'s current year EPS has increased 16% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, CBIZ belongs to the Consulting Services industry, a group that includes 13 individual stocks and currently sits at #47 in the Zacks Industry Rank. On average, stocks in this group have lost 20.6% this year, meaning that CBZ is performing better in terms of year-to-date returns.
On the other hand, Paysign, Inc. belongs to the Financial Transaction Services industry. This 37-stock industry is currently ranked #162. The industry has moved -11.5% year to date.
CBIZ and Paysign, Inc. could continue their solid performance, so investors interested in Business Services stocks should continue to pay close attention to these stocks.
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This article originally published on Zacks Investment Research (zacks.com).