The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is NTT (NTTYY) 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.
NTT is a member of the Business Services sector. This group includes 245 individual stocks and currently holds a Zacks Sector Rank of #11. 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. NTT is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for NTTYY's full-year earnings has moved 9.3% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, NTTYY has gained about 8.1% so far this year. In comparison, Business Services companies have returned an average of -14.9%. This means that NTT is performing better than its sector in terms of year-to-date returns.
Another stock in the Business Services sector, TrueBlue (TBI), has outperformed the sector so far this year. The stock's year-to-date return is 102.2%.
Over the past three months, TrueBlue's consensus EPS estimate for the current year has increased 166.7%. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, NTT belongs to the Technology Services industry, a group that includes 123 individual companies and currently sits at #182 in the Zacks Industry Rank. This group has lost an average of 15.4% so far this year, so NTTYY is performing better in this area.
In contrast, TrueBlue falls under the Staffing Firms industry. Currently, this industry has 12 stocks and is ranked #113. Since the beginning of the year, the industry has moved +39.7%.
Going forward, investors interested in Business Services stocks should continue to pay close attention to NTT and TrueBlue as they could maintain their solid performance.
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This article originally published on Zacks Investment Research (zacks.com).
