Are Business Services Stocks Lagging GigaCloud Technology Inc. (GCT) This Year?

Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Has GigaCloud Technology Inc. (GCT) been one of those stocks this year? 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.GigaCloud Technology Inc. is a member of our Business Services group, which includes 262 different companies and currently sits at #3 in the Zacks Sector Rank. 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. GigaCloud Technology Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).Within the past quarter, the Zacks Consensus Estimate for GCT's full-year earnings has moved 6.5% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.According to our latest data, GCT has moved about 44.2% on a year-to-date basis. Meanwhile, stocks in the Business Services group have lost about 3.4% on average. This means that GigaCloud Technology Inc. is outperforming the sector as a whole this year.One other Business Services stock that has outperformed the sector so far this year is Pentair plc (PNR). The stock is up 8.1% year-to-date.In Pentair plc's case, the consensus EPS estimate for the current year increased 2.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).Looking more specifically, GigaCloud Technology Inc. belongs to the Technology Services industry, which includes 125 individual stocks and currently sits at #58 in the Zacks Industry Rank. On average, this group has gained an average of 38.4% so far this year, meaning that GCT is performing better in terms of year-to-date returns. On the other hand, Pentair plc belongs to the Waste Removal Services industry. This 23-stock industry is currently ranked #147. The industry has moved +6.4% year to date.Investors interested in the Business Services sector may want to keep a close eye on GigaCloud Technology Inc. and Pentair plc as they attempt to continue their solid performance.Zacks Names #1 Semiconductor StockThis under-the-radar company specializes in semiconductor products that titans like NVIDIA don't build. It's uniquely positioned to take advantage of the next growth stage of this market. And it's just beginning to enter the spotlight, which is exactly where you want to be.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $971 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report GigaCloud Technology Inc. (GCT): Free Stock Analysis Report Pentair plc (PNR): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks