Is Adecco (AHEXY) Stock Outpacing Its Business Services Peers This Year?

Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Is Adecco SA (AHEXY) one of those stocks right now? 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.Adecco SA is one of 258 individual stocks in the Business Services sector. Collectively, these companies sit at #6 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 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. Adecco SA is currently sporting a Zacks Rank of #2 (Buy).Over the past three months, the Zacks Consensus Estimate for AHEXY's full-year earnings has moved 5.6% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.Our latest available data shows that AHEXY has returned about 30% since the start of the calendar year. Meanwhile, stocks in the Business Services group have gained about 1.4% on average. This shows that Adecco SA is outperforming its peers so far this year.Mitie Group PLC. (MITFY) is another Business Services stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 31.8%.The consensus estimate for Mitie Group PLC.'s current year EPS has increased 4.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).Looking more specifically, Adecco SA belongs to the Outsourcing industry, which includes 7 individual stocks and currently sits at #97 in the Zacks Industry Rank. On average, this group has lost an average of 17.2% so far this year, meaning that AHEXY is performing better in terms of year-to-date returns. On the other hand, Mitie Group PLC. belongs to the Business - Services industry. This 26-stock industry is currently ranked #89. The industry has moved +16% year to date.Adecco SA and Mitie Group PLC. could continue their solid performance, so investors interested in Business Services stocks should continue to pay close attention to these stocks.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.Free: See Our Top Stock And 4 Runners UpWant 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 Adecco SA (AHEXY): Free Stock Analysis Report Mitie Group PLC. (MITFY): 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