Yahoo Finance Are Business Services Stocks Lagging Inter & Co. Inc. (INTR) This Year?
For those looking to find strong Business Services stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Inter & Co. Inc. (INTR) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Inter & Co. Inc. is a member of the Business Services sector. This group includes 316 individual stocks and currently holds a Zacks Sector Rank of #5. 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. Inter & Co. Inc. is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for INTR's full-year earnings has moved 2.7% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, INTR has moved about 5.4% on a year-to-date basis. Meanwhile, stocks in the Business Services group have gained about 5.3% on average. As we can see, Inter & Co. Inc. is performing better than its sector in the calendar year.
Another stock in the Business Services sector, Gen Digital (GEN), has outperformed the sector so far this year. The stock's year-to-date return is 6.8%.
For Gen Digital, the consensus EPS estimate for the current year has increased 1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Inter & Co. Inc. belongs to the Technology Services industry, a group that includes 173 individual companies and currently sits at #63 in the Zacks Industry Rank. On average, stocks in this group have gained 16.5% this year, meaning that INTR is slightly underperforming its industry in terms of year-to-date returns. Gen Digital is also part of the same industry.
Investors interested in the Business Services sector may want to keep a close eye on Inter & Co. Inc. and Gen Digital as they attempt to continue their solid performance.
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