Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. S&P Global (SPGI) 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? One simple way to answer this question is to take a look at the year-to-date performance of SPGI and the rest of the Business Services group's stocks.
S&P Global is a member of our Business Services group, which includes 164 different companies and currently sits 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 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. SPGI is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for SPGI's full-year earnings has moved 0.19% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, SPGI has returned 20.61% so far this year. In comparison, Business Services companies have returned an average of 12.22%. This means that S&P Global is outperforming the sector as a whole this year.
Breaking things down more, SPGI is a member of the Business – Information Services industry, which includes 11 individual companies and currently sits at #92 in the Zacks Industry Rank. Stocks in this group have gained about 14.92% so far this year, so SPGI is performing better this group in terms of year-to-date returns.
Investors in the Business Services sector will want to keep a close eye on SPGI as it attempts to continue its solid performance.
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