Is Figure Technology Solutions, Inc. (FIGR) Stock Outpacing Its Business Services Peers 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. Figure Technology (FIGR) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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.Figure Technology is a member of the Business Services sector. This group includes 238 individual stocks and currently holds a Zacks Sector Rank of #11. 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 system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Figure Technology is currently sporting a Zacks Rank of #1 (Strong Buy).Over the past three months, the Zacks Consensus Estimate for FIGR's full-year earnings has moved 29.1% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.Our latest available data shows that FIGR has returned about 53.8% since the start of the calendar year. At the same time, Business Services stocks have lost an average of 9.9%. This means that Figure Technology is outperforming the sector as a whole this year.Another stock in the Business Services sector, Hackett Group (HCKT), has outperformed the sector so far this year. The stock's year-to-date return is 0.1%.In Hackett Group's case, the consensus EPS estimate for the current year increased 2.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).To break things down more, Figure Technology belongs to the Technology Services industry, a group that includes 110 individual companies and currently sits at #169 in the Zacks Industry Rank. This group has gained an average of 13.8% so far this year, so FIGR is performing better in this area. Hackett Group, however, belongs to the Consulting Services industry. Currently, this 13-stock industry is ranked #98. The industry has moved -27.2% so far this year.Figure Technology and Hackett Group 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 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 Figure Technology Solutions, Inc. (FIGR): Free Stock Analysis Report The Hackett Group, Inc. (HCKT): 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