Investors focused on the Business Services space have likely heard of Conduent (CNDT Quick QuoteCNDT - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

Conduent is one of 190 individual stocks in the Business Services sector. Collectively, these companies sit 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 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. CNDT is currently sporting a Zacks Rank of #1 (Strong Buy).

The Zacks Consensus Estimate for CNDT's full-year earnings has moved 11.52% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Based on the latest available data, CNDT has gained about 31% so far this year. Meanwhile, stocks in the Business Services group have gained about 17.24% on average. As we can see, Conduent is performing better than its sector in the calendar year.

Looking more specifically, CNDT belongs to the Outsourcing industry, which includes 17 individual stocks and currently sits at #193 in the Zacks Industry Rank. This group has gained an average of 23.49% so far this year, so CNDT is performing better in this area.

CNDT will likely be looking to continue its solid performance, so investors interested Business Services stocks should continue to pay close attention to the company.