Is ABM Industries (ABM) Stock Outpacing Its Business Services Peers This Year?

The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. ABM Industries (ABM) 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.ABM Industries is one of 290 companies in the Business Services group. The Business Services group currently sits at #9 within 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. ABM Industries is currently sporting a Zacks Rank of #2 (Buy).Over the past three months, the Zacks Consensus Estimate for ABM's full-year earnings has moved 1.5% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.Based on the latest available data, ABM has gained about 2.3% so far this year. Meanwhile, the Business Services sector has returned an average of 2.1% on a year-to-date basis. This means that ABM Industries is performing better than its sector in terms of year-to-date returns.One other Business Services stock that has outperformed the sector so far this year is Evertec (EVTC). The stock is up 9.6% year-to-date.In Evertec's case, the consensus EPS estimate for the current year increased 4.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).Looking more specifically, ABM Industries belongs to the Business - Services industry, which includes 25 individual stocks and currently sits at #143 in the Zacks Industry Rank. Stocks in this group have gained about 5.5% so far this year, so ABM is slightly underperforming its industry this group in terms of year-to-date returns.On the other hand, Evertec belongs to the Financial Transaction Services industry. This 37-stock industry is currently ranked #80. The industry has moved +5.9% year to date.Investors with an interest in Business Services stocks should continue to track ABM Industries and Evertec. These stocks will be looking to continue their solid performance.Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 256 positions with double- and triple-digit gains in 2024 alone.See Stocks Now >>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 ABM Industries Incorporated (ABM): Free Stock Analysis Report Evertec, Inc. (EVTC): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks