Are Business Services Stocks Lagging SPX Technologies, Inc. (SPXC) This Year?

The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has SPX Technologies (SPXC) 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.SPX Technologies is a member of our Business Services group, which includes 261 different companies and currently sits at #3 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. SPX Technologies is currently sporting a Zacks Rank of #2 (Buy).The Zacks Consensus Estimate for SPXC's full-year earnings has moved 2.7% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.According to our latest data, SPXC has moved about 15.2% on a year-to-date basis. At the same time, Business Services stocks have gained an average of 3.3%. As we can see, SPX Technologies is performing better than its sector in the calendar year.Another stock in the Business Services sector, Leonardo S.P.A. - Unsponsored ADR (FINMY), has outperformed the sector so far this year. The stock's year-to-date return is 108%.In Leonardo S.P.A. - Unsponsored ADR's case, the consensus EPS estimate for the current year increased 13.6% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).Looking more specifically, SPX Technologies belongs to the Technology Services industry, a group that includes 122 individual stocks and currently sits at #43 in the Zacks Industry Rank. On average, stocks in this group have gained 6.5% this year, meaning that SPXC is performing better in terms of year-to-date returns. Leonardo S.P.A. - Unsponsored ADR is also part of the same industry.Investors interested in the Business Services sector may want to keep a close eye on SPX Technologies and Leonardo S.P.A. - Unsponsored ADR as they attempt to continue their solid performance.Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 256 positions with double- and triple-digit gains in 2024 alone.See Stocks Now >>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 SPX Technologies, Inc. (SPXC): Free Stock Analysis Report Leonardo S.P.A. - Unsponsored ADR (FINMY): 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