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.
Are Business Services Stocks Lagging DAVE INC (DAVE) 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. Has Dave Inc. (DAVE - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Business Services sector should help us answer this question.
Dave Inc. is a member of our Business Services group, which includes 259 different companies and currently sits at #5 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. Dave Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for DAVE's full-year earnings has moved 69.7% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, DAVE has gained about 133% so far this year. At the same time, Business Services stocks have gained an average of 0.8%. This means that Dave Inc. is outperforming the sector as a whole this year.
One other Business Services stock that has outperformed the sector so far this year is Coherent (COHR - Free Report) . The stock is up 1.4% year-to-date.
The consensus estimate for Coherent's current year EPS has increased 3% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Dave Inc. belongs to the Technology Services industry, a group that includes 122 individual stocks and currently sits at #74 in the Zacks Industry Rank. On average, this group has gained an average of 9.6% so far this year, meaning that DAVE is performing better in terms of year-to-date returns. Coherent is also part of the same industry.
Dave Inc. and Coherent could continue their solid performance, so investors interested in Business Services stocks should continue to pay close attention to these stocks.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Are Business Services Stocks Lagging DAVE INC (DAVE) 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. Has Dave Inc. (DAVE - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Business Services sector should help us answer this question.
Dave Inc. is a member of our Business Services group, which includes 259 different companies and currently sits at #5 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. Dave Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for DAVE's full-year earnings has moved 69.7% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, DAVE has gained about 133% so far this year. At the same time, Business Services stocks have gained an average of 0.8%. This means that Dave Inc. is outperforming the sector as a whole this year.
One other Business Services stock that has outperformed the sector so far this year is Coherent (COHR - Free Report) . The stock is up 1.4% year-to-date.
The consensus estimate for Coherent's current year EPS has increased 3% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Dave Inc. belongs to the Technology Services industry, a group that includes 122 individual stocks and currently sits at #74 in the Zacks Industry Rank. On average, this group has gained an average of 9.6% so far this year, meaning that DAVE is performing better in terms of year-to-date returns. Coherent is also part of the same industry.
Dave Inc. and Coherent could continue their solid performance, so investors interested in Business Services stocks should continue to pay close attention to these stocks.