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Is UiPath (PATH) Stock Outpacing Its Business Services Peers This Year?
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The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. UiPath (PATH - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
UiPath is one of 335 companies in the Business Services group. The Business Services group currently sits at #4 within 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. UiPath is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for PATH's full-year earnings has moved 21.7% 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 PATH has returned about 30.2% since the start of the calendar year. In comparison, Business Services companies have returned an average of 3.6%. This means that UiPath is outperforming the sector as a whole this year.
One other Business Services stock that has outperformed the sector so far this year is APi (APG - Free Report) . The stock is up 11.2% year-to-date.
The consensus estimate for APi's current year EPS has increased 7.6% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, UiPath belongs to the Technology Services industry, a group that includes 195 individual companies and currently sits at #93 in the Zacks Industry Rank. Stocks in this group have gained about 6.5% so far this year, so PATH is performing better this group in terms of year-to-date returns.
APi, however, belongs to the Business - Services industry. Currently, this 25-stock industry is ranked #19. The industry has moved +0.3% so far this year.
Going forward, investors interested in Business Services stocks should continue to pay close attention to UiPath and APi as they could maintain their solid performance.
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Is UiPath (PATH) Stock Outpacing Its Business Services Peers This Year?
The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. UiPath (PATH - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
UiPath is one of 335 companies in the Business Services group. The Business Services group currently sits at #4 within 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. UiPath is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for PATH's full-year earnings has moved 21.7% 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 PATH has returned about 30.2% since the start of the calendar year. In comparison, Business Services companies have returned an average of 3.6%. This means that UiPath is outperforming the sector as a whole this year.
One other Business Services stock that has outperformed the sector so far this year is APi (APG - Free Report) . The stock is up 11.2% year-to-date.
The consensus estimate for APi's current year EPS has increased 7.6% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, UiPath belongs to the Technology Services industry, a group that includes 195 individual companies and currently sits at #93 in the Zacks Industry Rank. Stocks in this group have gained about 6.5% so far this year, so PATH is performing better this group in terms of year-to-date returns.
APi, however, belongs to the Business - Services industry. Currently, this 25-stock industry is ranked #19. The industry has moved +0.3% so far this year.
Going forward, investors interested in Business Services stocks should continue to pay close attention to UiPath and APi as they could maintain their solid performance.