Investors focused on the Business Services space have likely heard of Insperity (NSP - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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 189 companies in the Business Services group. The Business Services group currently sits at #12 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. NSP is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for NSP's full-year earnings has moved 7.42% 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 35.26% on a year-to-date basis. Meanwhile, the Business Services sector has returned an average of 22.37% on a year-to-date basis. This shows that Insperity is outperforming its peers so far this year.
To break things down more, NSP belongs to the Staffing Firms industry, a group that includes 17 individual companies and currently sits at #104 in the Zacks Industry Rank. On average, this group has gained an average of 20.55% so far this year, meaning that NSP is performing better in terms of year-to-date returns.
Going forward, investors interested in Business Services stocks should continue to pay close attention to NSP as it looks to continue its solid performance.