Investors focused on the Business Services space have likely heard of Barrett Business Services (BBSI - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of BBSI and the rest of the Business Services group's stocks.
Barrett Business Services is one of 195 companies in the Business Services group. The Business Services group currently sits at #6 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. BBSI is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for BBSI's full-year earnings has moved 0.55% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, BBSI has returned 53.36% so far this year. In comparison, Business Services companies have returned an average of 29.59%. As we can see, Barrett Business Services is performing better than its sector in the calendar year.
Looking more specifically, BBSI belongs to the Outsourcing industry, which includes 14 individual stocks and currently sits at #163 in the Zacks Industry Rank. On average, this group has gained an average of 29.59% so far this year, meaning that BBSI 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 BBSI as it looks to continue its solid performance.