The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Dave Inc. (DAVE) been one of those stocks this year? 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.
Dave Inc. is one of 259 individual stocks in the Business Services sector. Collectively, these companies sit at #5 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. Dave Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for DAVE's full-year earnings has moved 50.9% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, DAVE has returned 134.4% so far this year. At the same time, Business Services stocks have lost an average of 9.3%. As we can see, Dave Inc. is performing better than its sector in the calendar year.
OppFi Inc. (OPFI) is another Business Services stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 32.5%.
Over the past three months, OppFi Inc.'s consensus EPS estimate for the current year has increased 10.6%. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Dave Inc. belongs to the Technology Services industry, a group that includes 124 individual stocks and currently sits at #71 in the Zacks Industry Rank. This group has gained an average of 19.2% so far this year, so DAVE is performing better in this area.
OppFi Inc., however, belongs to the Financial Transaction Services industry. Currently, this 34-stock industry is ranked #154. The industry has moved -11.5% so far this year.
Going forward, investors interested in Business Services stocks should continue to pay close attention to Dave Inc. and OppFi Inc. as they could maintain their solid performance.
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Dave Inc. (DAVE): Free Stock Analysis Report OppFi Inc. (OPFI): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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