Is Concrete Pumping Holdings (BBCP) Stock Outpacing Its Business Services Peers This Year?

Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Concrete Pumping (BBCP) 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? A quick glance at the company's year-to-date performance in comparison to the rest of the Business Services sector should help us answer this question.

Concrete Pumping is one of 248 individual stocks in the Business Services sector. Collectively, these companies sit at #11 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 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. Concrete Pumping is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for BBCP's full-year earnings has moved 11.8% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

According to our latest data, BBCP has moved about 54.7% on a year-to-date basis. Meanwhile, the Business Services sector has returned an average of -10.6% on a year-to-date basis. This means that Concrete Pumping 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 Cricut, Inc. (CRCT). The stock is up 10.1% year-to-date.

In Cricut, Inc.'s case, the consensus EPS estimate for the current year increased 128.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

Breaking things down more, Concrete Pumping is a member of the Waste Removal Services industry, which includes 23 individual companies and currently sits at #103 in the Zacks Industry Rank. Stocks in this group have lost about 5.4% so far this year, so BBCP is performing better this group in terms of year-to-date returns.

Cricut, Inc., however, belongs to the Technology Services industry. Currently, this 122-stock industry is ranked #156. The industry has moved -10.8% so far this year.

Investors with an interest in Business Services stocks should continue to track Concrete Pumping and Cricut, Inc.. These stocks will be looking to continue their solid performance.

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This article originally published on Zacks Investment Research (zacks.com).

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