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 Deluxe (DLX) 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 Deluxe (DLX - 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.
Deluxe is one of 238 companies in the Business Services group. The Business Services group currently sits at #13 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Deluxe is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for DLX's full-year earnings has moved 10.5% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, DLX has returned 20.9% so far this year. At the same time, Business Services stocks have lost an average of 14.5%. This means that Deluxe is performing better than its sector in terms of year-to-date returns.
Another stock in the Business Services sector, GigaCloud Technology Inc. (GCT - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 5.9%.
For GigaCloud Technology Inc., the consensus EPS estimate for the current year has increased 17.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Deluxe belongs to the Business - Office Products industry, which includes 2 individual stocks and currently sits at #24 in the Zacks Industry Rank. On average, stocks in this group have lost 4.9% this year, meaning that DLX is performing better in terms of year-to-date returns.
On the other hand, GigaCloud Technology Inc. belongs to the Technology Services industry. This 109-stock industry is currently ranked #187. The industry has moved -15.6% year to date.
Deluxe and GigaCloud Technology Inc. could continue their solid performance, so investors interested in Business Services stocks should continue to pay close attention to these stocks.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Are Business Services Stocks Lagging Deluxe (DLX) 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 Deluxe (DLX - 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.
Deluxe is one of 238 companies in the Business Services group. The Business Services group currently sits at #13 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Deluxe is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for DLX's full-year earnings has moved 10.5% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, DLX has returned 20.9% so far this year. At the same time, Business Services stocks have lost an average of 14.5%. This means that Deluxe is performing better than its sector in terms of year-to-date returns.
Another stock in the Business Services sector, GigaCloud Technology Inc. (GCT - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 5.9%.
For GigaCloud Technology Inc., the consensus EPS estimate for the current year has increased 17.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Deluxe belongs to the Business - Office Products industry, which includes 2 individual stocks and currently sits at #24 in the Zacks Industry Rank. On average, stocks in this group have lost 4.9% this year, meaning that DLX is performing better in terms of year-to-date returns.
On the other hand, GigaCloud Technology Inc. belongs to the Technology Services industry. This 109-stock industry is currently ranked #187. The industry has moved -15.6% year to date.
Deluxe and GigaCloud Technology Inc. could continue their solid performance, so investors interested in Business Services stocks should continue to pay close attention to these stocks.