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Is Futu Holdings (FUTU) Outperforming Other Business Services Stocks This Year?

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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 Futu Holdings Limited Sponsored ADR (FUTU - 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.

Futu Holdings Limited Sponsored ADR is a member of the Business Services sector. This group includes 255 individual stocks and currently holds a Zacks Sector Rank of #5. 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 proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Futu Holdings Limited Sponsored ADR is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for FUTU's full-year earnings has moved 20% 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 117.8% so far this year. In comparison, Business Services companies have returned an average of -0.3%. As we can see, Futu Holdings Limited Sponsored ADR is performing better than its sector in the calendar year.

Another Business Services stock, which has outperformed the sector so far this year, is Maximus (MMS - Free Report) . The stock has returned 13.1% year-to-date.

For Maximus, the consensus EPS estimate for the current year has increased 15.5% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).

Looking more specifically, Futu Holdings Limited Sponsored ADR belongs to the Technology Services industry, which includes 119 individual stocks and currently sits at #90 in the Zacks Industry Rank. This group has gained an average of 16.4% so far this year, so FUTU is performing better in this area.

In contrast, Maximus falls under the Government Services industry. Currently, this industry has 3 stocks and is ranked #2. Since the beginning of the year, the industry has moved -8.6%.

Going forward, investors interested in Business Services stocks should continue to pay close attention to Futu Holdings Limited Sponsored ADR and Maximus as they could maintain their solid performance.


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