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 Cricut (CRCT) 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. Cricut, Inc. (CRCT - 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? 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.
Cricut, Inc. is one of 246 individual stocks in the Business Services sector. Collectively, these companies sit at #9 in 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. Cricut, Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for CRCT's full-year earnings has moved 128.6% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that CRCT has returned about 22.6% since the start of the calendar year. Meanwhile, the Business Services sector has returned an average of -7.5% on a year-to-date basis. This shows that Cricut, Inc. is outperforming its peers so far this year.
Recruit Holdings Co., Ltd. (RCRUY - 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 43.9%.
The consensus estimate for Recruit Holdings Co., Ltd.'s current year EPS has increased 3.9% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Cricut, Inc. belongs to the Technology Services industry, which includes 121 individual stocks and currently sits at #163 in the Zacks Industry Rank. Stocks in this group have lost about 8.8% so far this year, so CRCT is performing better this group in terms of year-to-date returns.
In contrast, Recruit Holdings Co., Ltd. falls under the Business - Information Services industry. Currently, this industry has 7 stocks and is ranked #63. Since the beginning of the year, the industry has moved +2.2%.
Cricut, Inc. and Recruit Holdings Co., Ltd. could continue their solid performance, so investors interested in Business Services stocks should continue to pay close attention to these stocks.
View the Zacks #1 Rank List
Image: Bigstock
Are Business Services Stocks Lagging Cricut (CRCT) 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. Cricut, Inc. (CRCT - 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? 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.
Cricut, Inc. is one of 246 individual stocks in the Business Services sector. Collectively, these companies sit at #9 in 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. Cricut, Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for CRCT's full-year earnings has moved 128.6% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that CRCT has returned about 22.6% since the start of the calendar year. Meanwhile, the Business Services sector has returned an average of -7.5% on a year-to-date basis. This shows that Cricut, Inc. is outperforming its peers so far this year.
Recruit Holdings Co., Ltd. (RCRUY - 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 43.9%.
The consensus estimate for Recruit Holdings Co., Ltd.'s current year EPS has increased 3.9% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Cricut, Inc. belongs to the Technology Services industry, which includes 121 individual stocks and currently sits at #163 in the Zacks Industry Rank. Stocks in this group have lost about 8.8% so far this year, so CRCT is performing better this group in terms of year-to-date returns.
In contrast, Recruit Holdings Co., Ltd. falls under the Business - Information Services industry. Currently, this industry has 7 stocks and is ranked #63. Since the beginning of the year, the industry has moved +2.2%.
Cricut, Inc. and Recruit Holdings Co., Ltd. could continue their solid performance, so investors interested in Business Services stocks should continue to pay close attention to these stocks.