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Are Business Services Stocks Lagging Barrett Business Services (BBSI) This Year?

Zacks Equity Research
·2-min read

Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Is Barrett Business Services (BBSI) one of those stocks right now? 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.

Barrett Business Services is one of 333 individual stocks in the Business Services sector. Collectively, these companies sit at #9 in the Zacks Sector Rank. 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 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. Barrett Business Services is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for BBSI's full-year earnings has moved 3.7% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

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Based on the latest available data, BBSI has gained about 20.3% so far this year. At the same time, Business Services stocks have lost an average of 33.4%. This means that Barrett Business Services is outperforming the sector as a whole this year.

Another Business Services stock, which has outperformed the sector so far this year, is Chindata Group Holdings Limited Sponsored ADR (CD). The stock has returned 2.9% year-to-date.

For Chindata Group Holdings Limited Sponsored ADR, the consensus EPS estimate for the current year has increased 14% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

Breaking things down more, Barrett Business Services is a member of the Outsourcing industry, which includes 14 individual companies and currently sits at #76 in the Zacks Industry Rank. This group has lost an average of 10.9% so far this year, so BBSI is performing better in this area.

Chindata Group Holdings Limited Sponsored ADR, however, belongs to the Technology Services industry. Currently, this 189-stock industry is ranked #128. The industry has moved -52% so far this year.

Investors interested in the Business Services sector may want to keep a close eye on Barrett Business Services and Chindata Group Holdings Limited Sponsored ADR as they attempt to continue their solid performance.


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Barrett Business Services, Inc. (BBSI) : Free Stock Analysis Report
 
Chindata Group Holdings Limited Sponsored ADR (CD) : Free Stock Analysis Report
 
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Zacks Investment Research