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 AppLovin (APP) Stock Outpacing Its Business Services Peers This Year?
Read MoreHide Full Article
The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has AppLovin (APP - 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.
AppLovin is one of 253 companies in the Business Services group. The Business Services group currently sits at #5 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. AppLovin is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for APP's full-year earnings has moved 8.1% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that APP has returned about 106.9% since the start of the calendar year. In comparison, Business Services companies have returned an average of 0%. This shows that AppLovin is outperforming its peers so far this year.
Duolingo, Inc. (DUOL - 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 0.7%.
Over the past three months, Duolingo, Inc.'s consensus EPS estimate for the current year has increased 7.5%. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, AppLovin belongs to the Technology Services industry, which includes 118 individual stocks and currently sits at #84 in the Zacks Industry Rank. This group has gained an average of 40.6% so far this year, so APP is performing better in this area. Duolingo, Inc. is also part of the same industry.
Investors interested in the Business Services sector may want to keep a close eye on AppLovin and Duolingo, Inc. as they attempt 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 AppLovin (APP) 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 AppLovin (APP - 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.
AppLovin is one of 253 companies in the Business Services group. The Business Services group currently sits at #5 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. AppLovin is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for APP's full-year earnings has moved 8.1% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that APP has returned about 106.9% since the start of the calendar year. In comparison, Business Services companies have returned an average of 0%. This shows that AppLovin is outperforming its peers so far this year.
Duolingo, Inc. (DUOL - 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 0.7%.
Over the past three months, Duolingo, Inc.'s consensus EPS estimate for the current year has increased 7.5%. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, AppLovin belongs to the Technology Services industry, which includes 118 individual stocks and currently sits at #84 in the Zacks Industry Rank. This group has gained an average of 40.6% so far this year, so APP is performing better in this area. Duolingo, Inc. is also part of the same industry.
Investors interested in the Business Services sector may want to keep a close eye on AppLovin and Duolingo, Inc. as they attempt to continue their solid performance.