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Is Concrete Pumping Holdings (BBCP) Stock Outpacing Its Business Services Peers This Year?

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The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Concrete Pumping (BBCP - 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.

Concrete Pumping is a member of the Business Services sector. This group includes 244 individual stocks and currently holds a Zacks Sector Rank of #5. 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. Concrete Pumping is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for BBCP's full-year earnings has moved 11.8% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

According to our latest data, BBCP has moved about 45% on a year-to-date basis. Meanwhile, the Business Services sector has returned an average of -11.4% on a year-to-date basis. This shows that Concrete Pumping is outperforming its peers so far this year.

Kforce (KFRC - 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 83.9%.

Over the past three months, Kforce's consensus EPS estimate for the current year has increased 1.9%. The stock currently has a Zacks Rank #2 (Buy).

To break things down more, Concrete Pumping belongs to the Waste Removal Services industry, a group that includes 22 individual companies and currently sits at #92 in the Zacks Industry Rank. Stocks in this group have lost about 1.6% so far this year, so BBCP is performing better this group in terms of year-to-date returns.

On the other hand, Kforce belongs to the Staffing Firms industry. This 12-stock industry is currently ranked #198. The industry has moved +46.2% year to date.

Concrete Pumping and Kforce 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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