Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Has APi (APG) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Business Services peers, we might be able to answer that question.
APi is a member of the Business Services sector. This group includes 315 individual stocks and currently holds a Zacks Sector Rank of #4. 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 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. APi is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for APG's full-year earnings has moved 3% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, APG has returned 12.7% so far this year. Meanwhile, stocks in the Business Services group have gained about 11.2% on average. This shows that APi is outperforming its peers so far this year.
Another Business Services stock, which has outperformed the sector so far this year, is Distribution Solutions Group (DSGR). The stock has returned 13% year-to-date.
The consensus estimate for Distribution Solutions Group's current year EPS has increased 12.4% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, APi belongs to the Business - Services industry, a group that includes 23 individual stocks and currently sits at #172 in the Zacks Industry Rank. This group has lost an average of 5.4% so far this year, so APG is performing better in this area.
Distribution Solutions Group, however, belongs to the Technology Services industry. Currently, this 174-stock industry is ranked #84. The industry has moved +18.2% so far this year.
Going forward, investors interested in Business Services stocks should continue to pay close attention to APi and Distribution Solutions Group as they could maintain their solid performance.
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Distribution Solutions Group, Inc. (DSGR) : Free Stock Analysis Report
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