Is Instructure (INST) Outperforming Other Business Services Stocks This Year?
Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Has Instructure Holdings (INST) 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.
Instructure Holdings is a member of the Business Services sector. This group includes 333 individual stocks and currently holds a Zacks Sector Rank of #12. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. Instructure Holdings is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for INST's full-year earnings has moved 6% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that INST has returned about 1.8% since the start of the calendar year. Meanwhile, the Business Services sector has returned an average of -28.2% on a year-to-date basis. As we can see, Instructure Holdings is performing better than its sector in the calendar year.
Another stock in the Business Services sector, Rollins (ROL), has outperformed the sector so far this year. The stock's year-to-date return is 16.3%.
The consensus estimate for Rollins' current year EPS has increased 1.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Instructure Holdings belongs to the Technology Services industry, a group that includes 189 individual stocks and currently sits at #141 in the Zacks Industry Rank. On average, stocks in this group have lost 49.6% this year, meaning that INST is performing better in terms of year-to-date returns.
On the other hand, Rollins belongs to the Building Products - Maintenance Service industry. This 3-stock industry is currently ranked #41. The industry has moved +14.5% year to date.
Instructure Holdings and Rollins could continue their solid performance, so investors interested in Business Services stocks should continue to pay close attention to these stocks.
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