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Has NV5 Global (NVEE) Outpaced Other Business Services Stocks This Year?

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Investors focused on the Business Services space have likely heard of NV5 Global (NVEE - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Business Services sector should help us answer this question.

NV5 Global is one of 165 companies in the Business Services group. The Business Services group currently sits at #6 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. NVEE is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for NVEE's full-year earnings has moved 1.63% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Our latest available data shows that NVEE has returned about 27.61% since the start of the calendar year. Meanwhile, the Business Services sector has returned an average of 11.73% on a year-to-date basis. As we can see, NV5 Global is performing better than its sector in the calendar year.

To break things down more, NVEE belongs to the Consulting Services industry, a group that includes 19 individual companies and currently sits at #202 in the Zacks Industry Rank. On average, this group has gained an average of 4.99% so far this year, meaning that NVEE is performing better in terms of year-to-date returns.

Going forward, investors interested in Business Services stocks should continue to pay close attention to NVEE as it looks to continue its solid performance.

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