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Are Business Services Stocks Lagging APi Group (APG) This Year?
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Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. APi (APG - Free Report) 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.
APi is a member of our Business Services group, which includes 329 different companies and currently sits at #11 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. APi is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for APG's full-year earnings has moved 1% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, APG has moved about 47.9% on a year-to-date basis. Meanwhile, stocks in the Business Services group have gained about 8.4% on average. As we can see, APi is performing better than its sector in the calendar year.
One other Business Services stock that has outperformed the sector so far this year is AppLovin (APP - Free Report) . The stock is up 281.6% year-to-date.
The consensus estimate for AppLovin's current year EPS has increased 122.7% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, APi belongs to the Business - Services industry, a group that includes 25 individual stocks and currently sits at #219 in the Zacks Industry Rank. On average, stocks in this group have gained 12.8% this year, meaning that APG is performing better in terms of year-to-date returns.
On the other hand, AppLovin belongs to the Technology Services industry. This 187-stock industry is currently ranked #108. The industry has moved +16.1% year to date.
Going forward, investors interested in Business Services stocks should continue to pay close attention to APi and AppLovin as they could maintain their solid performance.
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Are Business Services Stocks Lagging APi Group (APG) This Year?
Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. APi (APG - Free Report) 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.
APi is a member of our Business Services group, which includes 329 different companies and currently sits at #11 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. APi is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for APG's full-year earnings has moved 1% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, APG has moved about 47.9% on a year-to-date basis. Meanwhile, stocks in the Business Services group have gained about 8.4% on average. As we can see, APi is performing better than its sector in the calendar year.
One other Business Services stock that has outperformed the sector so far this year is AppLovin (APP - Free Report) . The stock is up 281.6% year-to-date.
The consensus estimate for AppLovin's current year EPS has increased 122.7% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, APi belongs to the Business - Services industry, a group that includes 25 individual stocks and currently sits at #219 in the Zacks Industry Rank. On average, stocks in this group have gained 12.8% this year, meaning that APG is performing better in terms of year-to-date returns.
On the other hand, AppLovin belongs to the Technology Services industry. This 187-stock industry is currently ranked #108. The industry has moved +16.1% year to date.
Going forward, investors interested in Business Services stocks should continue to pay close attention to APi and AppLovin as they could maintain their solid performance.