The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Mitie Group PLC. (MITFY) 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. Mitie Group PLC. is a member of our Business Services group, which includes 271 different companies and currently sits at #4 in the Zacks Sector Rank. 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. Mitie Group PLC. is currently sporting a Zacks Rank of #2 (Buy). Over the past 90 days, the Zacks Consensus Estimate for MITFY's full-year earnings has moved 1.5% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger. Based on the latest available data, MITFY has gained about 36.5% so far this year. At the same time, Business Services stocks have lost an average of 7.4%. This means that Mitie Group PLC. is outperforming the sector as a whole this year. Rollins (ROL) is another Business Services stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 18.1%. In Rollins' case, the consensus EPS estimate for the current year increased 0.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy). Looking more specifically, Mitie Group PLC. belongs to the Business - Services industry, which includes 25 individual stocks and currently sits at #75 in the Zacks Industry Rank. Stocks in this group have gained about 4.2% so far this year, so MITFY is performing better this group in terms of year-to-date returns. In contrast, Rollins falls under the Building Products - Maintenance Service industry. Currently, this industry has 3 stocks and is ranked #4. Since the beginning of the year, the industry has moved +17.4%. Going forward, investors interested in Business Services stocks should continue to pay close attention to Mitie Group PLC. and Rollins as they could maintain their solid performance. 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 Story Continues Mitie Group PLC. (MITFY):Free Stock Analysis Report Rollins, Inc. (ROL):Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research View Comments
Are Business Services Stocks Lagging Mitie Group (MITFY) This Year?
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