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 Futu Holdings (FUTU) 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. Futu Holdings Limited Sponsored ADR (FUTU - 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? 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.
Futu Holdings Limited Sponsored ADR is one of 258 companies in the Business Services group. The Business Services group currently sits at #7 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 is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Futu Holdings Limited Sponsored ADR is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for FUTU's full-year earnings has moved 7.9% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, FUTU has gained about 88.7% so far this year. In comparison, Business Services companies have returned an average of 0.5%. This means that Futu Holdings Limited Sponsored ADR is performing better than its sector in terms of year-to-date returns.
Katapult Holdings, Inc. (KPLT - 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 86.6%.
The consensus estimate for Katapult Holdings, Inc.'s current year EPS has increased 10.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Futu Holdings Limited Sponsored ADR belongs to the Technology Services industry, a group that includes 122 individual companies and currently sits at #93 in the Zacks Industry Rank. On average, stocks in this group have gained 10.6% this year, meaning that FUTU is performing better in terms of year-to-date returns. Katapult Holdings, Inc. is also part of the same industry.
Futu Holdings Limited Sponsored ADR and Katapult Holdings, Inc. 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 Futu Holdings (FUTU) 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. Futu Holdings Limited Sponsored ADR (FUTU - 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? 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.
Futu Holdings Limited Sponsored ADR is one of 258 companies in the Business Services group. The Business Services group currently sits at #7 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 is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Futu Holdings Limited Sponsored ADR is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for FUTU's full-year earnings has moved 7.9% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, FUTU has gained about 88.7% so far this year. In comparison, Business Services companies have returned an average of 0.5%. This means that Futu Holdings Limited Sponsored ADR is performing better than its sector in terms of year-to-date returns.
Katapult Holdings, Inc. (KPLT - 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 86.6%.
The consensus estimate for Katapult Holdings, Inc.'s current year EPS has increased 10.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Futu Holdings Limited Sponsored ADR belongs to the Technology Services industry, a group that includes 122 individual companies and currently sits at #93 in the Zacks Industry Rank. On average, stocks in this group have gained 10.6% this year, meaning that FUTU is performing better in terms of year-to-date returns. Katapult Holdings, Inc. is also part of the same industry.
Futu Holdings Limited Sponsored ADR and Katapult Holdings, Inc. could continue their solid performance, so investors interested in Business Services stocks should continue to pay close attention to these stocks.