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Is APi Group (APG) Stock Outpacing Its Business Services Peers 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 APi (APG - 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.
APi is one of 242 companies in the Business Services group. The Business Services group currently sits at #7 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. APi is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for APG's full-year earnings has moved 2.9% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that APG has returned about 6.8% since the start of the calendar year. In comparison, Business Services companies have returned an average of -7.7%. This shows that APi is outperforming its peers so far this year.
Another stock in the Business Services sector, Healthcare Services (HCSG - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 27%.
The consensus estimate for Healthcare Services' current year EPS has increased 20% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, APi belongs to the Business - Services industry, a group that includes 19 individual stocks and currently sits at #88 in the Zacks Industry Rank. On average, stocks in this group have lost 7.3% this year, meaning that APG is performing better in terms of year-to-date returns. Healthcare Services is also part of the same industry.
APi and Healthcare Services 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 APi Group (APG) Stock Outpacing Its Business Services Peers This Year?
Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Is APi (APG - 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.
APi is one of 242 companies in the Business Services group. The Business Services group currently sits at #7 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. APi is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for APG's full-year earnings has moved 2.9% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that APG has returned about 6.8% since the start of the calendar year. In comparison, Business Services companies have returned an average of -7.7%. This shows that APi is outperforming its peers so far this year.
Another stock in the Business Services sector, Healthcare Services (HCSG - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 27%.
The consensus estimate for Healthcare Services' current year EPS has increased 20% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, APi belongs to the Business - Services industry, a group that includes 19 individual stocks and currently sits at #88 in the Zacks Industry Rank. On average, stocks in this group have lost 7.3% this year, meaning that APG is performing better in terms of year-to-date returns. Healthcare Services is also part of the same industry.
APi and Healthcare Services could continue their solid performance, so investors interested in Business Services stocks should continue to pay close attention to these stocks.