Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Has Cap Gemini SA (CGEMY) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Cap Gemini SA is a member of our Business Services group, which includes 257 different companies and currently sits at #8 in the Zacks Sector Rank. 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 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. Cap Gemini SA is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for CGEMY's full-year earnings has moved 2.9% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, CGEMY has moved about 2.5% on a year-to-date basis. At the same time, Business Services stocks have lost an average of 6%. This shows that Cap Gemini SA is outperforming its peers so far this year.
Another stock in the Business Services sector, Coherent (COHR), has outperformed the sector so far this year. The stock's year-to-date return is 102%.
Over the past three months, Coherent's consensus EPS estimate for the current year has increased 15.7%. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Cap Gemini SA is a member of the Outsourcing industry, which includes 6 individual companies and currently sits at #102 in the Zacks Industry Rank. On average, stocks in this group have lost 35.1% this year, meaning that CGEMY is performing better in terms of year-to-date returns.
Coherent, however, belongs to the Technology Services industry. Currently, this 124-stock industry is ranked #89. The industry has moved +24.8% so far this year.
Cap Gemini SA and Coherent could continue their solid performance, so investors interested in Business Services stocks should continue to pay close attention to these stocks.
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Cap Gemini SA (CGEMY): Free Stock Analysis Report Coherent Corp. (COHR): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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