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Is BlackSky Technology (BKSY) 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. 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 241 companies in the Business Services group. The Business Services group currently sits at #9 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. BlackSky Technology Inc. is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for BKSY's full-year earnings has moved 36% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, BKSY has returned 27.5% so far this year. At the same time, Business Services stocks have lost an average of 6.8%. This means that BlackSky Technology Inc. is outperforming the sector as a whole this year.
Evertec (EVTC - 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 14.8%.
For Evertec, the consensus EPS estimate for the current year has increased 1.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, BlackSky Technology Inc. is a member of the Technology Services industry, which includes 122 individual companies and currently sits at #93 in the Zacks Industry Rank. This group has lost an average of 17.9% so far this year, so BKSY is performing better in this area.
Evertec, however, belongs to the Financial Transaction Services industry. Currently, this 36-stock industry is ranked #170. The industry has moved +0.1% so far this year.
Investors interested in the Business Services sector may want to keep a close eye on BlackSky Technology Inc. and Evertec as they attempt to continue their solid performance.
View the Zacks #1 Rank List
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Is BlackSky Technology (BKSY) 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. 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 241 companies in the Business Services group. The Business Services group currently sits at #9 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. BlackSky Technology Inc. is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for BKSY's full-year earnings has moved 36% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, BKSY has returned 27.5% so far this year. At the same time, Business Services stocks have lost an average of 6.8%. This means that BlackSky Technology Inc. is outperforming the sector as a whole this year.
Evertec (EVTC - 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 14.8%.
For Evertec, the consensus EPS estimate for the current year has increased 1.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, BlackSky Technology Inc. is a member of the Technology Services industry, which includes 122 individual companies and currently sits at #93 in the Zacks Industry Rank. This group has lost an average of 17.9% so far this year, so BKSY is performing better in this area.
Evertec, however, belongs to the Financial Transaction Services industry. Currently, this 36-stock industry is ranked #170. The industry has moved +0.1% so far this year.
Investors interested in the Business Services sector may want to keep a close eye on BlackSky Technology Inc. and Evertec as they attempt to continue their solid performance.