The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Interpublic Group of Companies, (IPG - Free Report) been one of those stocks this year? 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.
Interpublic Group of Companies, is a member of our Business Services group, which includes 189 different companies and currently sits at #14 in 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. IPG is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for IPG's full-year earnings has moved 2% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, IPG has gained about 6.35% so far this year. Meanwhile, the Business Services sector has returned an average of 22.66% on a year-to-date basis. This means that Interpublic Group of Companies, is outperforming the sector as a whole this year.
Looking more specifically, IPG belongs to the Advertising and Marketing industry, which includes 9 individual stocks and currently sits at #30 in the Zacks Industry Rank. On average, stocks in this group have gained 6.54% this year, meaning that IPG is slightly underperforming its industry in terms of year-to-date returns.
Going forward, investors interested in Business Services stocks should continue to pay close attention to IPG as it looks to continue its solid performance.