Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Has JBT Marel (JBTM) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
JBT Marel is a member of the Business Services sector. This group includes 237 individual stocks and currently holds a Zacks Sector Rank of #14. 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. JBT Marel is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for JBTM's full-year earnings has moved 10.4% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, JBTM has moved about 4.1% on a year-to-date basis. At the same time, Business Services stocks have lost an average of 8.5%. This means that JBT Marel is performing better than its sector in terms of year-to-date returns.
UL Solutions Inc. (ULS) is another Business Services stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 4%.
Over the past three months, UL Solutions Inc.'s consensus EPS estimate for the current year has increased 6.1%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, JBT Marel belongs to the Technology Services industry, which includes 109 individual stocks and currently sits at #157 in the Zacks Industry Rank. Stocks in this group have lost about 7.5% so far this year, so JBTM is performing better this group in terms of year-to-date returns.
In contrast, UL Solutions Inc. falls under the Business - Services industry. Currently, this industry has 23 stocks and is ranked #150. Since the beginning of the year, the industry has moved -7.9%.
JBT Marel and UL Solutions Inc. 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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JBT Marel Corporation (JBTM): Free Stock Analysis Report UL Solutions Inc. (ULS): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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