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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 the Business Services sector. This group includes 197 individual stocks and currently holds a Zacks Sector Rank of #3. 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. GFN is currently sporting a Zacks Rank of #1 (Strong Buy).

The Zacks Consensus Estimate for GFN's full-year earnings has moved 265.22% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

According to our latest data, GFN has moved about 98.97% on a year-to-date basis. In comparison, Business Services companies have returned an average of 5.09%. 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 34 individual stocks and currently sits at #63 in the Zacks Industry Rank. Stocks in this group have lost about 11.62% so far this year, so GFN is performing better this group in terms of year-to-date returns.

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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