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Is General Finance (GFN) Outperforming Other Business Services Stocks This Year?

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Investors focused on the Business Services space have likely heard of General Finance , 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.

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 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. GFN is currently sporting a Zacks Rank of #1 (Strong Buy).

The Zacks Consensus Estimate for GFN's full-year earnings has moved 100% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

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. As we can see, General Finance is performing better than its sector in the calendar year.

Looking more specifically, GFN belongs to the Business - Services industry, which includes 31 individual stocks and currently sits at #38 in the Zacks Industry Rank. This group has lost an average of 4.66% so far this year, so GFN is performing better in this area.

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

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