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Is DAVE INC (DAVE) Stock Outpacing Its Business Services Peers 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. Dave Inc. (DAVE - 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? Let's take a closer look at the stock's year-to-date performance to find out.
Dave Inc. is a member of the Business Services sector. This group includes 259 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. Dave Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for DAVE's full-year earnings has moved 0.2% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, DAVE has returned 123.3% so far this year. In comparison, Business Services companies have returned an average of -12.6%. As we can see, Dave Inc. is performing better than its sector in the calendar year.
OppFi Inc. (OPFI - 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 21.7%.
The consensus estimate for OppFi Inc.'s current year EPS has increased 10.6% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Dave Inc. belongs to the Technology Services industry, a group that includes 124 individual companies and currently sits at #66 in the Zacks Industry Rank. On average, this group has gained an average of 14.8% so far this year, meaning that DAVE is performing better in terms of year-to-date returns.
On the other hand, OppFi Inc. belongs to the Financial Transaction Services industry. This 34-stock industry is currently ranked #148. The industry has moved -13.4% year to date.
Going forward, investors interested in Business Services stocks should continue to pay close attention to Dave Inc. and OppFi Inc. as they could maintain their solid performance.
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Is DAVE INC (DAVE) 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. Dave Inc. (DAVE - 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? Let's take a closer look at the stock's year-to-date performance to find out.
Dave Inc. is a member of the Business Services sector. This group includes 259 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. Dave Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for DAVE's full-year earnings has moved 0.2% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, DAVE has returned 123.3% so far this year. In comparison, Business Services companies have returned an average of -12.6%. As we can see, Dave Inc. is performing better than its sector in the calendar year.
OppFi Inc. (OPFI - 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 21.7%.
The consensus estimate for OppFi Inc.'s current year EPS has increased 10.6% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Dave Inc. belongs to the Technology Services industry, a group that includes 124 individual companies and currently sits at #66 in the Zacks Industry Rank. On average, this group has gained an average of 14.8% so far this year, meaning that DAVE is performing better in terms of year-to-date returns.
On the other hand, OppFi Inc. belongs to the Financial Transaction Services industry. This 34-stock industry is currently ranked #148. The industry has moved -13.4% year to date.
Going forward, investors interested in Business Services stocks should continue to pay close attention to Dave Inc. and OppFi Inc. as they could maintain their solid performance.