For those looking to find strong Business Services stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Rocket Companies (RKT - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Business Services peers, we might be able to answer that question.
Rocket Companies is one of 222 individual stocks in the Business Services sector. Collectively, these companies sit at #8 in the Zacks Sector Rank. 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 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. RKT is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for RKT's full-year earnings has moved 52.94% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, RKT has gained about 8.16% so far this year. In comparison, Business Services companies have returned an average of 1.90%. This means that Rocket Companies is outperforming the sector as a whole this year.
Looking more specifically, RKT belongs to the Technology Services industry, a group that includes 89 individual stocks and currently sits at #160 in the Zacks Industry Rank. On average, stocks in this group have lost 0.90% this year, meaning that RKT is performing better in terms of year-to-date returns.
Investors in the Business Services sector will want to keep a close eye on RKT as it attempts to continue its solid performance.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
For those looking to find strong Business Services stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Rocket Companies (RKT - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Business Services peers, we might be able to answer that question.
Rocket Companies is one of 222 individual stocks in the Business Services sector. Collectively, these companies sit at #8 in the Zacks Sector Rank. 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 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. RKT is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for RKT's full-year earnings has moved 52.94% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, RKT has gained about 8.16% so far this year. In comparison, Business Services companies have returned an average of 1.90%. This means that Rocket Companies is outperforming the sector as a whole this year.
Looking more specifically, RKT belongs to the Technology Services industry, a group that includes 89 individual stocks and currently sits at #160 in the Zacks Industry Rank. On average, stocks in this group have lost 0.90% this year, meaning that RKT is performing better in terms of year-to-date returns.
Investors in the Business Services sector will want to keep a close eye on RKT as it attempts to continue its solid performance.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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