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Has 360 DigiTech, Inc. Sponsored (QFIN) Outpaced Other Business Services Stocks This Year?

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Investors focused on the Business Services space have likely heard of 360 DigiTech, Inc. Sponsored (QFIN - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of QFIN and the rest of the Business Services group's stocks.

360 DigiTech, Inc. Sponsored is a member of the Business Services sector. This group includes 213 individual stocks and currently holds a Zacks Sector Rank of #8. 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. QFIN is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past three months, the Zacks Consensus Estimate for QFIN's full-year earnings has moved 11.60% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

According to our latest data, QFIN has moved about 16.03% on a year-to-date basis. Meanwhile, the Business Services sector has returned an average of -4.14% on a year-to-date basis. This shows that 360 DigiTech, Inc. Sponsored is outperforming its peers so far this year.

Breaking things down more, QFIN is a member of the Technology Services industry, which includes 82 individual companies and currently sits at #120 in the Zacks Industry Rank. On average, this group has gained an average of 3.46% so far this year, meaning that QFIN is performing better in terms of year-to-date returns.

QFIN will likely be looking to continue its solid performance, so investors interested in Business Services stocks should continue to pay close attention to the company.


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