Is Montrose Environmental Group (MEG) 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. Montrose Environmental (MEG) 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? Let's take a closer look at the stock's year-to-date performance to find out.Montrose Environmental is a member of the Business Services sector. This group includes 262 individual stocks and currently holds a Zacks Sector Rank of #7. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Montrose Environmental is currently sporting a Zacks Rank of #1 (Strong Buy).Within the past quarter, the Zacks Consensus Estimate for MEG's full-year earnings has moved 144.4% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.According to our latest data, MEG has moved about 53.1% on a year-to-date basis. At the same time, Business Services stocks have lost an average of 1.3%. This means that Montrose Environmental is outperforming the sector as a whole this year.One other Business Services stock that has outperformed the sector so far this year is Maximus (MMS). The stock is up 21.9% year-to-date.The consensus estimate for Maximus' current year EPS has increased 12.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).Breaking things down more, Montrose Environmental is a member of the Waste Removal Services industry, which includes 23 individual companies and currently sits at #197 in the Zacks Industry Rank. On average, this group has gained an average of 7.8% so far this year, meaning that MEG is performing better in terms of year-to-date returns. On the other hand, Maximus belongs to the Government Services industry. This 3-stock industry is currently ranked #9. The industry has moved -7.9% year to date.Going forward, investors interested in Business Services stocks should continue to pay close attention to Montrose Environmental and Maximus as they could maintain their solid performance.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in the coming year. While not all picks can be winners, previous recommendations have soared +112%, +171%, +209% and +232%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>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 Montrose Environmental Group, Inc. (MEG): Free Stock Analysis Report Maximus, Inc. (MMS): 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