Investors focused on the Business Services space have likely heard of Boxlight (BOXL), 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 BOXL and the rest of the Business Services group's stocks.
Boxlight is a member of the Business Services sector. This group includes 190 individual stocks and currently holds a Zacks Sector Rank of #4. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. BOXL is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for BOXL's full-year earnings has moved 34.21% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that BOXL has returned about 220.83% since the start of the calendar year. At the same time, Business Services stocks have gained an average of 22.89%. As we can see, Boxlight is performing better than its sector in the calendar year.
Looking more specifically, BOXL belongs to the Technology Services industry, which includes 51 individual stocks and currently sits at #89 in the Zacks Industry Rank. Stocks in this group have gained about 19.55% so far this year, so BOXL is performing better this group in terms of year-to-date returns.
Going forward, investors interested in Business Services stocks should continue to pay close attention to BOXL as it looks to continue its solid performance.
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