Is Cintas (CTAS) 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 Cintas (CTAS) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.Cintas is a member of the Business Services sector. This group includes 271 individual stocks and currently holds a Zacks Sector Rank of #3. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.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. Cintas is currently sporting a Zacks Rank of #2 (Buy).Within the past quarter, the Zacks Consensus Estimate for CTAS' full-year earnings has moved 1.9% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.Based on the most recent data, CTAS has returned 20.7% so far this year. In comparison, Business Services companies have returned an average of 0.3%. This means that Cintas is outperforming the sector as a whole this year.Another stock in the Business Services sector, H20 (HTO), has outperformed the sector so far this year. The stock's year-to-date return is 7.3%.Over the past three months, H20's consensus EPS estimate for the current year has increased 0.9%. The stock currently has a Zacks Rank #2 (Buy).Looking more specifically, Cintas belongs to the Business - Services industry, a group that includes 26 individual stocks and currently sits at #72 in the Zacks Industry Rank. Stocks in this group have gained about 16.3% so far this year, so CTAS is performing better this group in terms of year-to-date returns. On the other hand, H20 belongs to the Waste Removal Services industry. This 23-stock industry is currently ranked #176. The industry has moved +9.9% year to date.Cintas and H20 could continue their solid performance, so investors interested in Business Services stocks should continue to pay close attention to these stocks.Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.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 $803 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 Cintas Corporation (CTAS): Free Stock Analysis Report Energias de Portugal (EDPFY): Free Stock Analysis Report Banco De Chile (BCH): Free Stock Analysis Report Atlas Copco AB (ATLKY): Free Stock Analysis Report Legacy Education Inc. (LGCY): Free Stock Analysis Report Fresnillo PLC (FNLPF): Free Stock Analysis Report Embotelladora Andina S.A. (AKO.B): Free Stock Analysis Report Benitec Biopharma Limited (BNTC): Free Stock Analysis Report Michelin (MGDDY): Free Stock Analysis Report Allegro MicroSystems, Inc. (ALGM): Free Stock Analysis Report H2O America (HTO): 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