Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. ECARX Holdings, Inc. (ECX) 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? By taking a look at the stock's year-to-date performance in comparison to its Business Services peers, we might be able to answer that question.
ECARX Holdings, Inc. is a member of the Business Services sector. This group includes 259 individual stocks and currently holds a Zacks Sector Rank of #5. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. ECARX Holdings, Inc. is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ECX's full-year earnings has moved 15.8% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, ECX has returned 25.1% so far this year. Meanwhile, the Business Services sector has returned an average of -8.7% on a year-to-date basis. This means that ECARX Holdings, Inc. is outperforming the sector as a whole this year.
Another stock in the Business Services sector, JBT Marel (JBTM), has outperformed the sector so far this year. The stock's year-to-date return is 10.5%.
For JBT Marel, the consensus EPS estimate for the current year has increased 7.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, ECARX Holdings, Inc. belongs to the Technology Services industry, a group that includes 124 individual companies and currently sits at #81 in the Zacks Industry Rank. On average, this group has gained an average of 26.7% so far this year, meaning that ECX is slightly underperforming its industry in terms of year-to-date returns. JBT Marel is also part of the same industry.
Going forward, investors interested in Business Services stocks should continue to pay close attention to ECARX Holdings, Inc. and JBT Marel as they could maintain their solid performance.
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ECARX Holdings, Inc. (ECX): Free Stock Analysis Report JBT Marel Corporation (JBTM): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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