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Is BlackSky Technology (BKSY) 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. BlackSky Technology Inc. (BKSY - 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? 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.
BlackSky Technology Inc. is one of 246 companies in the Business Services group. The Business Services group currently sits at #9 within the Zacks Sector Rank. 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 system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. BlackSky Technology Inc. is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for BKSY's full-year earnings has moved 4.2% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that BKSY has returned about 31.6% since the start of the calendar year. At the same time, Business Services stocks have lost an average of 7%. This means that BlackSky Technology Inc. is outperforming the sector as a whole this year.
Another stock in the Business Services sector, Enpro (NPO - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 44.2%.
In Enpro's case, the consensus EPS estimate for the current year increased 4.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, BlackSky Technology Inc. belongs to the Technology Services industry, a group that includes 121 individual companies and currently sits at #153 in the Zacks Industry Rank. This group has lost an average of 11.3% so far this year, so BKSY is performing better in this area. Enpro is also part of the same industry.
Going forward, investors interested in Business Services stocks should continue to pay close attention to BlackSky Technology Inc. and Enpro as they could maintain their solid performance.
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Is BlackSky Technology (BKSY) 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. BlackSky Technology Inc. (BKSY - 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? 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.
BlackSky Technology Inc. is one of 246 companies in the Business Services group. The Business Services group currently sits at #9 within the Zacks Sector Rank. 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 system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. BlackSky Technology Inc. is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for BKSY's full-year earnings has moved 4.2% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that BKSY has returned about 31.6% since the start of the calendar year. At the same time, Business Services stocks have lost an average of 7%. This means that BlackSky Technology Inc. is outperforming the sector as a whole this year.
Another stock in the Business Services sector, Enpro (NPO - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 44.2%.
In Enpro's case, the consensus EPS estimate for the current year increased 4.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, BlackSky Technology Inc. belongs to the Technology Services industry, a group that includes 121 individual companies and currently sits at #153 in the Zacks Industry Rank. This group has lost an average of 11.3% so far this year, so BKSY is performing better in this area. Enpro is also part of the same industry.
Going forward, investors interested in Business Services stocks should continue to pay close attention to BlackSky Technology Inc. and Enpro as they could maintain their solid performance.