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Is Smiths Group (SMGZY) 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. Has Smiths Group PLC (SMGZY - Free Report) been one of those stocks this year? 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.
Smiths Group PLC is a member of our Business Services group, which includes 274 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 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. Smiths Group PLC is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for SMGZY's full-year earnings has moved 4% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, SMGZY has gained about 18.7% so far this year. At the same time, Business Services stocks have gained an average of 1%. This shows that Smiths Group PLC is outperforming its peers so far this year.
Sims Metal Management Ltd. (SMSMY - Free Report) is another Business Services stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 30.7%.
The consensus estimate for Sims Metal Management Ltd.'s current year EPS has increased 20% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Smiths Group PLC belongs to the Technology Services industry, a group that includes 133 individual stocks and currently sits at #50 in the Zacks Industry Rank. This group has lost an average of 9.8% so far this year, so SMGZY is performing better in this area.
On the other hand, Sims Metal Management Ltd. belongs to the Waste Removal Services industry. This 23-stock industry is currently ranked #178. The industry has moved +8.2% year to date.
Investors with an interest in Business Services stocks should continue to track Smiths Group PLC and Sims Metal Management Ltd. These stocks will be looking to continue their solid performance.
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Is Smiths Group (SMGZY) 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. Has Smiths Group PLC (SMGZY - Free Report) been one of those stocks this year? 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.
Smiths Group PLC is a member of our Business Services group, which includes 274 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 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. Smiths Group PLC is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for SMGZY's full-year earnings has moved 4% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, SMGZY has gained about 18.7% so far this year. At the same time, Business Services stocks have gained an average of 1%. This shows that Smiths Group PLC is outperforming its peers so far this year.
Sims Metal Management Ltd. (SMSMY - Free Report) is another Business Services stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 30.7%.
The consensus estimate for Sims Metal Management Ltd.'s current year EPS has increased 20% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Smiths Group PLC belongs to the Technology Services industry, a group that includes 133 individual stocks and currently sits at #50 in the Zacks Industry Rank. This group has lost an average of 9.8% so far this year, so SMGZY is performing better in this area.
On the other hand, Sims Metal Management Ltd. belongs to the Waste Removal Services industry. This 23-stock industry is currently ranked #178. The industry has moved +8.2% year to date.
Investors with an interest in Business Services stocks should continue to track Smiths Group PLC and Sims Metal Management Ltd. These stocks will be looking to continue their solid performance.