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Is HireQuest (HQI) Outperforming Other Business Services Stocks 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. Is HireQuest, Inc. (HQI - Free Report) one of those stocks right now? 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.
HireQuest, Inc. is one of 246 individual stocks in the Business Services sector. Collectively, these companies sit at #8 in 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 is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. HireQuest, Inc. is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for HQI's full-year earnings has moved 40.4% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that HQI has returned about 59.1% since the start of the calendar year. In comparison, Business Services companies have returned an average of -9%. This shows that HireQuest, Inc. is outperforming its peers so far this year.
Another Business Services stock, which has outperformed the sector so far this year, is Ingram Micro (INGM - Free Report) . The stock has returned 30.1% year-to-date.
Over the past three months, Ingram Micro's consensus EPS estimate for the current year has increased 3.9%. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, HireQuest, Inc. is a member of the Staffing Firms industry, which includes 12 individual companies and currently sits at #74 in the Zacks Industry Rank. Stocks in this group have gained about 57% so far this year, so HQI is performing better this group in terms of year-to-date returns.
In contrast, Ingram Micro falls under the Technology Services industry. Currently, this industry has 121 stocks and is ranked #146. Since the beginning of the year, the industry has moved -10.7%.
HireQuest, Inc. and Ingram Micro could continue their solid performance, so investors interested in Business Services stocks should continue to pay close attention to these stocks.
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Is HireQuest (HQI) Outperforming Other Business Services Stocks 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. Is HireQuest, Inc. (HQI - Free Report) one of those stocks right now? 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.
HireQuest, Inc. is one of 246 individual stocks in the Business Services sector. Collectively, these companies sit at #8 in 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 is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. HireQuest, Inc. is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for HQI's full-year earnings has moved 40.4% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that HQI has returned about 59.1% since the start of the calendar year. In comparison, Business Services companies have returned an average of -9%. This shows that HireQuest, Inc. is outperforming its peers so far this year.
Another Business Services stock, which has outperformed the sector so far this year, is Ingram Micro (INGM - Free Report) . The stock has returned 30.1% year-to-date.
Over the past three months, Ingram Micro's consensus EPS estimate for the current year has increased 3.9%. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, HireQuest, Inc. is a member of the Staffing Firms industry, which includes 12 individual companies and currently sits at #74 in the Zacks Industry Rank. Stocks in this group have gained about 57% so far this year, so HQI is performing better this group in terms of year-to-date returns.
In contrast, Ingram Micro falls under the Technology Services industry. Currently, this industry has 121 stocks and is ranked #146. Since the beginning of the year, the industry has moved -10.7%.
HireQuest, Inc. and Ingram Micro could continue their solid performance, so investors interested in Business Services stocks should continue to pay close attention to these stocks.