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 Clear Channel Outdoor (CCO) Stock Outpacing Its Business Services Peers This Year?
Read MoreHide Full Article
Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Is Clear Channel Outdoor (CCO - Free Report) one of those stocks right now? 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.
Clear Channel Outdoor is a member of the Business Services sector. This group includes 234 individual stocks and currently holds a Zacks Sector Rank of #7. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. Clear Channel Outdoor is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for CCO's full-year earnings has moved 8.3% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, CCO has gained about 9.1% so far this year. In comparison, Business Services companies have returned an average of -11.5%. This means that Clear Channel Outdoor is outperforming the sector as a whole this year.
Everpure (P - 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 20.6%.
For Everpure, the consensus EPS estimate for the current year has increased 2.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Clear Channel Outdoor is a member of the Advertising and Marketing industry, which includes 15 individual companies and currently sits at #159 in the Zacks Industry Rank. This group has lost an average of 14.6% so far this year, so CCO is performing better in this area.
On the other hand, Everpure belongs to the Technology Services industry. This 112-stock industry is currently ranked #165. The industry has moved +4.1% year to date.
Investors with an interest in Business Services stocks should continue to track Clear Channel Outdoor and Everpure. These stocks will be looking to continue their solid performance.
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
Is Clear Channel Outdoor (CCO) Stock Outpacing Its Business Services Peers This Year?
Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Is Clear Channel Outdoor (CCO - Free Report) one of those stocks right now? 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.
Clear Channel Outdoor is a member of the Business Services sector. This group includes 234 individual stocks and currently holds a Zacks Sector Rank of #7. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. Clear Channel Outdoor is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for CCO's full-year earnings has moved 8.3% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, CCO has gained about 9.1% so far this year. In comparison, Business Services companies have returned an average of -11.5%. This means that Clear Channel Outdoor is outperforming the sector as a whole this year.
Everpure (P - 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 20.6%.
For Everpure, the consensus EPS estimate for the current year has increased 2.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Clear Channel Outdoor is a member of the Advertising and Marketing industry, which includes 15 individual companies and currently sits at #159 in the Zacks Industry Rank. This group has lost an average of 14.6% so far this year, so CCO is performing better in this area.
On the other hand, Everpure belongs to the Technology Services industry. This 112-stock industry is currently ranked #165. The industry has moved +4.1% year to date.
Investors with an interest in Business Services stocks should continue to track Clear Channel Outdoor and Everpure. These stocks will be looking to continue their solid performance.