Investors focused on the Business Services space have likely heard of Barrett Business Services (BBSI), 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 a member of our Business Services group, which includes 191 different companies and currently sits at #4 in 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 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).
Over the past 90 days, the Zacks Consensus Estimate for BBSI's full-year earnings has moved 9.58% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, BBSI has returned 60.26% so far this year. In comparison, Business Services companies have returned an average of 32.21%. As we can see, Barrett Business Services is performing better than its sector in the calendar year.
Breaking things down more, BBSI is a member of the Outsourcing industry, which includes 15 individual companies and currently sits at #195 in the Zacks Industry Rank. This group has gained an average of 30.31% so far this year, so BBSI is performing better in this area.
BBSI will likely be looking to continue its solid performance, so investors interested in Business Services stocks should continue to pay close attention to the company.
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Barrett Business Services, Inc. (BBSI) : Free Stock Analysis Report
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