For those looking to find strong Business Services stocks, it is prudent to search for companies in the group that are outperforming their peers. Is General Finance (GFN - 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.
General Finance is a member of our Business Services group, which includes 189 different companies and currently sits at #5 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 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. GFN is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for GFN's full-year earnings has moved 100% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that GFN has returned about 91.18% since the start of the calendar year. Meanwhile, stocks in the Business Services group have gained about 9.49% on average. This shows that General Finance is outperforming its peers so far this year.
To break things down more, GFN belongs to the Business - Services industry, a group that includes 31 individual companies and currently sits at #38 in the Zacks Industry Rank. On average, this group has lost an average of 4.66% so far this year, meaning that GFN is performing better in terms of year-to-date returns.
GFN will likely be looking to continue its solid performance, so investors interested in Business Services stocks should continue to pay close attention to the company.