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Has Broadridge Financial Solutions (BR) Outpaced Other Business Services Stocks This Year?

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Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Has Broadridge Financial Solutions (BR - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

Broadridge Financial Solutions is a member of our Business Services group, which includes 166 different companies and currently sits at #7 in 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 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. BR is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for BR's full-year earnings has moved 4.21% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

According to our latest data, BR has moved about 26.84% on a year-to-date basis. At the same time, Business Services stocks have gained an average of 14.45%. This shows that Broadridge Financial Solutions is outperforming its peers so far this year.

To break things down more, BR belongs to the Outsourcing industry, a group that includes 18 individual companies and currently sits at #98 in the Zacks Industry Rank. On average, this group has gained an average of 13.78% so far this year, meaning that BR is performing better in terms of year-to-date returns.

Investors with an interest in Business Services stocks should continue to track BR. The stock will be looking to continue its solid performance.


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