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Is US Ecology (ECOL) Outperforming Other Business Services Stocks This Year?

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Investors focused on the Business Services space have likely heard of US Ecology , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

US Ecology is a member of our Business Services group, which includes 164 different companies and currently sits at #13 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 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. ECOL is currently sporting a Zacks Rank of #1 (Strong Buy).

Within the past quarter, the Zacks Consensus Estimate for ECOL's full-year earnings has moved 1.36% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Based on the most recent data, ECOL has returned 31.18% so far this year. At the same time, Business Services stocks have gained an average of 13.80%. As we can see, US Ecology is performing better than its sector in the calendar year.

Looking more specifically, ECOL belongs to the Waste Removal Services industry, which includes 10 individual stocks and currently sits at #56 in the Zacks Industry Rank. On average, this group has gained an average of 5.81% so far this year, meaning that ECOL 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 ECOL as it looks to continue its solid performance.