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Are Business Services Stocks Lagging CBIZ (CBZ) This Year?

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Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Is CBIZ (CBZ - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.

CBIZ is one of 248 companies in the Business Services group. The Business Services group currently sits at #12 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. CBIZ is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for CBZ's full-year earnings has moved 0.7% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Based on the most recent data, CBZ has returned 7.9% so far this year. Meanwhile, stocks in the Business Services group have lost about 8.2% on average. This means that CBIZ is performing better than its sector in terms of year-to-date returns.

FactSet Research (FDS - 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 5.3%.

Over the past three months, FactSet Research's consensus EPS estimate for the current year has increased 1.3%. The stock currently has a Zacks Rank #2 (Buy).

To break things down more, CBIZ belongs to the Consulting Services industry, a group that includes 13 individual companies and currently sits at #51 in the Zacks Industry Rank.

In contrast, FactSet Research falls under the Business - Information Services industry. Currently, this industry has 7 stocks and is ranked #78.

Investors interested in the Business Services sector may want to keep a close eye on CBIZ and FactSet Research as they attempt to continue their solid performance.

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