Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Insperity (NSP - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Business Services sector should help us answer this question.
Insperity is one of 191 companies in the Business Services group. The Business Services group currently sits at #10 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. NSP is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for NSP's full-year earnings has moved 7.91% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, NSP has moved about 33.42% on a year-to-date basis. In comparison, Business Services companies have returned an average of 17.75%. This shows that Insperity is outperforming its peers so far this year.
Looking more specifically, NSP belongs to the Staffing Firms industry, which includes 17 individual stocks and currently sits at #47 in the Zacks Industry Rank. On average, stocks in this group have gained 19.81% this year, meaning that NSP is performing better in terms of year-to-date returns.
NSP 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.