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Has Conduent (CNDT) Outpaced Other Business Services Stocks 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. Is Conduent (CNDT - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Business Services sector should help us answer this question.
Conduent is a member of the Business Services sector. This group includes 162 individual stocks and currently holds a Zacks Sector Rank of #8. 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 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. CNDT is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for CNDT's full-year earnings has moved 12.99% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, CNDT has moved about 42.08% on a year-to-date basis. In comparison, Business Services companies have returned an average of 19%. This shows that Conduent is outperforming its peers so far this year.
Looking more specifically, CNDT belongs to the Outsourcing industry, a group that includes 18 individual stocks and currently sits at #167 in the Zacks Industry Rank. On average, stocks in this group have gained 19.81% this year, meaning that CNDT is performing better in terms of year-to-date returns.
Investors with an interest in Business Services stocks should continue to track CNDT. The stock will be looking to continue its solid performance.
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Has Conduent (CNDT) Outpaced 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. Is Conduent (CNDT - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Business Services sector should help us answer this question.
Conduent is a member of the Business Services sector. This group includes 162 individual stocks and currently holds a Zacks Sector Rank of #8. 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 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. CNDT is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for CNDT's full-year earnings has moved 12.99% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, CNDT has moved about 42.08% on a year-to-date basis. In comparison, Business Services companies have returned an average of 19%. This shows that Conduent is outperforming its peers so far this year.
Looking more specifically, CNDT belongs to the Outsourcing industry, a group that includes 18 individual stocks and currently sits at #167 in the Zacks Industry Rank. On average, stocks in this group have gained 19.81% this year, meaning that CNDT is performing better in terms of year-to-date returns.
Investors with an interest in Business Services stocks should continue to track CNDT. The stock will be looking to continue its solid performance.