Is AppLovin (APP) 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. Is AppLovin (APP) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.AppLovin is a member of our Business Services group, which includes 303 different companies and currently sits at #4 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 is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. AppLovin is currently sporting a Zacks Rank of #1 (Strong Buy).Over the past 90 days, the Zacks Consensus Estimate for APP's full-year earnings has moved 16.6% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.According to our latest data, APP has moved about 727.5% on a year-to-date basis. Meanwhile, the Business Services sector has returned an average of 25.9% on a year-to-date basis. This means that AppLovin 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 Duolingo, Inc. (DUOL). The stock is up 55.8% year-to-date.Over the past three months, Duolingo, Inc.'s consensus EPS estimate for the current year has increased 8.3%. The stock currently has a Zacks Rank #2 (Buy).To break things down more, AppLovin belongs to the Technology Services industry, a group that includes 162 individual companies and currently sits at #56 in the Zacks Industry Rank. On average, stocks in this group have gained 55.1% this year, meaning that APP is performing better in terms of year-to-date returns. Duolingo, Inc. is also part of the same industry.Investors with an interest in Business Services stocks should continue to track AppLovin and Duolingo, Inc. These stocks will be looking to continue their solid performance.7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.1% per year. So be sure to give these hand picked 7 your immediate attention. See them 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 AppLovin Corporation (APP): Free Stock Analysis Report Duolingo, Inc. (DUOL): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks