Is Getaround, Inc. (GETR) Stock Outpacing Its Business Services Peers This Year?
For those looking to find strong Business Services stocks, it is prudent to search for companies in the group that are outperforming their peers. Getaround, Inc. (GETR) 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? Let's take a closer look at the stock's year-to-date performance to find out.
Getaround, Inc. is a member of our Business Services group, which includes 313 different companies and currently sits at #8 in 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. Getaround, Inc. is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for GETR's full-year earnings has moved 16.1% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, GETR has moved about 10.6% on a year-to-date basis. Meanwhile, the Business Services sector has returned an average of 6.9% on a year-to-date basis. This shows that Getaround, Inc. is outperforming its peers so far this year.
Integral Ad Science (IAS) is another Business Services stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 12%.
For Integral Ad Science, the consensus EPS estimate for the current year has increased 1.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Getaround, Inc. belongs to the Technology Services industry, a group that includes 174 individual stocks and currently sits at #81 in the Zacks Industry Rank. On average, stocks in this group have gained 11.8% this year, meaning that GETR is slightly underperforming its industry in terms of year-to-date returns.
Integral Ad Science, however, belongs to the Advertising and Marketing industry. Currently, this 18-stock industry is ranked #160. The industry has moved -0.4% so far this year.
Going forward, investors interested in Business Services stocks should continue to pay close attention to Getaround, Inc. and Integral Ad Science as they could maintain their solid performance.
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