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 Clean Harbors (CLH) 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.
Clean Harbors is a member of the Business Services sector. This group includes 244 individual stocks and currently holds a Zacks Sector Rank of #6. 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. Clean Harbors is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for CLH's full-year earnings has moved 15.7% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that CLH has returned about 35% since the start of the calendar year. At the same time, Business Services stocks have lost an average of 12.3%. This means that Clean Harbors is performing better than its sector in terms of year-to-date returns.
Another Business Services stock, which has outperformed the sector so far this year, is Everpure (P). The stock has returned 89.7% year-to-date.
The consensus estimate for Everpure's current year EPS has increased 3.4% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Clean Harbors is a member of the Waste Removal Services industry, which includes 22 individual companies and currently sits at #73 in the Zacks Industry Rank. This group has lost an average of 4.9% so far this year, so CLH is performing better in this area.
In contrast, Everpure falls under the Technology Services industry. Currently, this industry has 123 stocks and is ranked #94. Since the beginning of the year, the industry has moved -22%.
Going forward, investors interested in Business Services stocks should continue to pay close attention to Clean Harbors and Everpure as they could maintain their solid performance.
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Clean Harbors, Inc. (CLH): Free Stock Analysis Report
Everpure, Inc. (P): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).