We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is Byrna Technologies (BYRN) Stock Outpacing Its Business Services Peers This Year?
Read MoreHide Full Article
For those looking to find strong Business Services stocks, it is prudent to search for companies in the group that are outperforming their peers. Byrna Technologies Inc. (BYRN - 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? 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.
Byrna Technologies Inc. is one of 271 companies in the Business Services group. The Business Services group currently sits at #2 within 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. Byrna Technologies Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for BYRN's full-year earnings has moved 12.9% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, BYRN has returned 13.4% so far this year. In comparison, Business Services companies have returned an average of 2.6%. This shows that Byrna Technologies Inc. is outperforming its peers so far this year.
Another stock in the Business Services sector, Allot Communications (ALLT - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 61.5%.
Over the past three months, Allot Communications' consensus EPS estimate for the current year has increased 150%. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Byrna Technologies Inc. belongs to the Technology Services industry, a group that includes 130 individual stocks and currently sits at #39 in the Zacks Industry Rank. On average, stocks in this group have gained 4.7% this year, meaning that BYRN is performing better in terms of year-to-date returns. Allot Communications is also part of the same industry.
Investors with an interest in Business Services stocks should continue to track Byrna Technologies Inc. and Allot Communications. These stocks will be looking to continue their solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Byrna Technologies (BYRN) Stock Outpacing Its Business Services Peers This Year?
For those looking to find strong Business Services stocks, it is prudent to search for companies in the group that are outperforming their peers. Byrna Technologies Inc. (BYRN - 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? 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.
Byrna Technologies Inc. is one of 271 companies in the Business Services group. The Business Services group currently sits at #2 within 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. Byrna Technologies Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for BYRN's full-year earnings has moved 12.9% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, BYRN has returned 13.4% so far this year. In comparison, Business Services companies have returned an average of 2.6%. This shows that Byrna Technologies Inc. is outperforming its peers so far this year.
Another stock in the Business Services sector, Allot Communications (ALLT - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 61.5%.
Over the past three months, Allot Communications' consensus EPS estimate for the current year has increased 150%. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Byrna Technologies Inc. belongs to the Technology Services industry, a group that includes 130 individual stocks and currently sits at #39 in the Zacks Industry Rank. On average, stocks in this group have gained 4.7% this year, meaning that BYRN is performing better in terms of year-to-date returns. Allot Communications is also part of the same industry.
Investors with an interest in Business Services stocks should continue to track Byrna Technologies Inc. and Allot Communications. These stocks will be looking to continue their solid performance.