Has Insperity (NSP) Outpaced Other Business Services Stocks This Year?

NSP

Investors focused on the Business Services space have likely heard of Insperity (NSP - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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.

Insperity is a member of the Business Services sector. This group includes 166 individual stocks and currently holds a Zacks Sector Rank of #6. 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. NSP is currently sporting a Zacks Rank of #1 (Strong Buy).

The Zacks Consensus Estimate for NSP's full-year earnings has moved 16.54% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Based on the latest available data, NSP has gained about 66.09% so far this year. Meanwhile, the Business Services sector has returned an average of 14.50% on a year-to-date basis. This means that Insperity is performing better than its sector in terms of year-to-date returns.

Breaking things down more, NSP is a member of the Staffing Firms industry, which includes 19 individual companies and currently sits at #61 in the Zacks Industry Rank. On average, stocks in this group have gained 9.24% this year, meaning that NSP is performing better in terms of year-to-date returns.

Going forward, investors interested in Business Services stocks should continue to pay close attention to NSP as it looks to continue its solid performance.

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