The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Korn/Ferry International (KFY - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Korn/Ferry International is one of 162 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 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. KFY is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for KFY's full-year earnings has moved 2.91% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, KFY has returned 20.25% so far this year. In comparison, Business Services companies have returned an average of 19.20%. This shows that Korn/Ferry International is outperforming its peers so far this year.
Looking more specifically, KFY belongs to the Staffing Firms industry, which includes 19 individual stocks and currently sits at #157 in the Zacks Industry Rank. On average, stocks in this group have gained 9.36% this year, meaning that KFY is performing better in terms of year-to-date returns.
KFY will likely be looking to continue its solid performance, so investors interested Business Services stocks should continue to pay close attention to the company.