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BGSF Outperforms Business Services Sector with Strong 40% Year-To-Date Gains

HomeBGSF Outperforms Business Services Sector with Strong 40% Year-To-Date Gains

BGSF Outperforms Business Services Sector with Strong 40% Year-To-Date Gains

BGSF Outperforms Business Services Sector with Strong 40% Year-To-Date Gains

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Strong Business Services Stocks to Watch: BGSF and Cintas

For those seeking to identify top-performing Business Services stocks, it's essential to focus on companies within this sector that are outshining their peers. Has BGSF (BGSF) been one of these standout performers in 2023? Let's delve deeper into the stock's year-to-date performance to find out.

The Business Services Sector: A Strong Performer

The Business Services sector comprises a diverse range of companies, including 260 individual stocks, with an impressive Zacks Sector Rank of #1. This ranking considers the average Zacks Rank of the individual stocks within the sector, providing insight into its overall strength. The Zacks Sector Rank is a comprehensive measure that evaluates 16 different groups, enabling investors to identify top-performing sectors.

The Power of the Zacks Rank

The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting stocks with characteristics that enable them to outperform the market over the next one to three months. BGSF currently boasts a Zacks Rank of #1 (Strong Buy), indicating its potential for strong growth.

Improved Earnings Outlook

Over the past 90 days, the Zacks Consensus Estimate for BGSF's full-year earnings has increased by an impressive 366.7%. This upward revision in analyst sentiment reflects a stronger earnings outlook for the company. As investors seek to capitalize on this momentum, it's essential to monitor BGSF's performance closely.

Year-to-Date Performance: BGSF Outshines the Sector

Our latest available data reveals that BGSF has returned approximately 40.1% since the start of the calendar year. In contrast, stocks within the Business Services group have gained about 4.1% on average. This disparity highlights BGSF's exceptional performance relative to its sector.

Another Strong Performer: Cintas

Cintas (CTAS) is another Business Services stock that has outperformed its sector in 2023, returning 20.1% year-to-date. While the consensus EPS estimate for the current year has increased by a modest 0.5% over the past three months, the stock currently holds a Zacks Rank #2 (Buy), signifying its potential for continued growth.

Industry Performance: BGSF and Cintas in Focus

BGSF belongs to the Business - Services industry, which comprises 26 individual companies and ranks #37 in the Zacks Industry Rank. On average, this group has gained an impressive 19.1% so far this year, underscoring its strong performance. Cintas is also a member of this industry.

Investors Take Note: BGSF and Cintas Worth Monitoring

For investors interested in the Business Services sector, keeping a close eye on BGSF and Cintas could be prudent as they continue to showcase solid performance. These stocks may offer opportunities for long-term growth, making them worth monitoring closely.

Conclusion

In conclusion, BGSF's impressive year-to-date returns, improved earnings outlook, and strong Zacks Rank make it an attractive stock to watch in 2023. Additionally, Cintas' consistent performance and solid industry ranking highlight its potential as a top-performing Business Services stock. By monitoring these companies closely, investors may be able to capitalize on their momentum and achieve long-term growth.