Is EDENRED (EDNMY) Outperforming Other Business Services Stocks This Year?

For those looking to find strong Business Services stocks, it is prudent to search for companies in the group that are outperforming their peers. Has EDENRED (EDNMY) 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.EDENRED is one of 272 companies in the Business Services group. The Business Services group currently sits at #7 within the Zacks Sector Rank. 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 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. EDENRED is currently sporting a Zacks Rank of #1 (Strong Buy).Over the past three months, the Zacks Consensus Estimate for EDNMY'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, EDNMY has moved about 15.3% on a year-to-date basis. In comparison, Business Services companies have returned an average of -2%. As we can see, EDENRED is performing better than its sector in the calendar year.One other Business Services stock that has outperformed the sector so far this year is INTERTEK GP (IKTSY). The stock is up 2.6% year-to-date.Over the past three months, INTERTEK GP's consensus EPS estimate for the current year has increased 2.8%. The stock currently has a Zacks Rank #2 (Buy).Breaking things down more, EDENRED is a member of the Technology Services industry, which includes 131 individual companies and currently sits at #60 in the Zacks Industry Rank. On average, stocks in this group have lost 27.9% this year, meaning that EDNMY is performing better in terms of year-to-date returns.INTERTEK GP, however, belongs to the Business - Information Services industry. Currently, this 10-stock industry is ranked #88. The industry has moved -10.6% so far this year.Investors interested in the Business Services sector may want to keep a close eye on EDENRED and INTERTEK GP as they attempt to continue their solid performance.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 among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.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 EDENRED (EDNMY): Free Stock Analysis Report INTERTEK GP (IKTSY): 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