Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Has JBT Marel (JBTM) 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.
JBT Marel is one of 290 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 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. JBT Marel is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for JBTM's full-year earnings has moved 2.8% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, JBTM has moved about 4.6% on a year-to-date basis. At the same time, Business Services stocks have lost an average of 0.4%. This means that JBT Marel is performing better than its sector in terms of year-to-date returns.
Another stock in the Business Services sector, OppFi Inc. (OPFI), has outperformed the sector so far this year. The stock's year-to-date return is 26%.
Over the past three months, OppFi Inc.'s consensus EPS estimate for the current year has increased 24.4%. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, JBT Marel belongs to the Technology Services industry, a group that includes 151 individual stocks and currently sits at #64 in the Zacks Industry Rank. This group has lost an average of 0.9% so far this year, so JBTM is performing better in this area.
OppFi Inc. however, belongs to the Financial Transaction Services industry. Currently, this 37-stock industry is ranked #146. The industry has moved +3.9% so far this year.
JBT Marel and OppFi Inc. could continue their solid performance, so investors interested in Business Services stocks should continue to pay close attention to these stocks.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
JBT Marel Corporation (JBTM) : Free Stock Analysis Report
OppFi Inc. (OPFI) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.