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Is Climb Global Solutions, Inc. (CLMB) Outperforming Other Business Services Stocks 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 Climb Global Solutions (CLMB - 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.
Climb Global Solutions is a member of our Business Services group, which includes 242 different companies and currently sits at #7 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 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. Climb Global Solutions is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for CLMB's full-year earnings has moved 3% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, CLMB has moved about 64.9% on a year-to-date basis. Meanwhile, the Business Services sector has returned an average of -8.8% on a year-to-date basis. This means that Climb Global Solutions is outperforming the sector as a whole this year.
Exponent (EXPO - 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 23.8%.
The consensus estimate for Exponent's current year EPS has increased 2.2% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Climb Global Solutions belongs to the Technology Services industry, which includes 122 individual stocks and currently sits at #102 in the Zacks Industry Rank. This group has lost an average of 24.6% so far this year, so CLMB is performing better in this area.
In contrast, Exponent falls under the Consulting Services industry. Currently, this industry has 12 stocks and is ranked #60. Since the beginning of the year, the industry has moved -5%.
Climb Global Solutions and Exponent 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
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Is Climb Global Solutions, Inc. (CLMB) Outperforming Other Business Services Stocks This Year?
The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Climb Global Solutions (CLMB - 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.
Climb Global Solutions is a member of our Business Services group, which includes 242 different companies and currently sits at #7 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 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. Climb Global Solutions is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for CLMB's full-year earnings has moved 3% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, CLMB has moved about 64.9% on a year-to-date basis. Meanwhile, the Business Services sector has returned an average of -8.8% on a year-to-date basis. This means that Climb Global Solutions is outperforming the sector as a whole this year.
Exponent (EXPO - 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 23.8%.
The consensus estimate for Exponent's current year EPS has increased 2.2% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Climb Global Solutions belongs to the Technology Services industry, which includes 122 individual stocks and currently sits at #102 in the Zacks Industry Rank. This group has lost an average of 24.6% so far this year, so CLMB is performing better in this area.
In contrast, Exponent falls under the Consulting Services industry. Currently, this industry has 12 stocks and is ranked #60. Since the beginning of the year, the industry has moved -5%.
Climb Global Solutions and Exponent could continue their solid performance, so investors interested in Business Services stocks should continue to pay close attention to these stocks.