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Is Barrett Business Services (BBSI) Stock Outpacing Its Business Services Peers This Year?

Zacks Equity Research

Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Barrett Business Services (BBSI) 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.

Barrett Business Services is one of 194 companies in the Business Services group. The Business Services group currently sits at #4 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. BBSI is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for BBSI's full-year earnings has moved 0.55% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Based on the latest available data, BBSI has gained about 55.37% so far this year. Meanwhile, stocks in the Business Services group have gained about 26.15% on average. This shows that Barrett Business Services is outperforming its peers so far this year.

To break things down more, BBSI belongs to the Outsourcing industry, a group that includes 14 individual companies and currently sits at #165 in the Zacks Industry Rank. On average, this group has gained an average of 25.79% 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.


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