Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Is Waste Management (WM - Free Report) one of those stocks right now? 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.
Waste Management 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. WM is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for WM's full-year earnings has moved 1.49% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, WM has returned 7.20% so far this year. At the same time, Business Services stocks have gained an average of 19.93%. This shows that Waste Management is outperforming its peers so far this year.
Looking more specifically, WM belongs to the Waste Removal Services industry, which includes 10 individual stocks and currently sits at #24 in the Zacks Industry Rank. On average, stocks in this group have gained 9.76% this year, meaning that WM is slightly underperforming its industry in terms of year-to-date returns.
Investors with an interest in Business Services stocks should continue to track WM. The stock will be looking to continue its solid performance.