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Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Is Korn/Ferry (KFY) one of those stocks right now? 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.
Korn/Ferry is a member of our Business Services group, which includes 289 different companies and currently sits at #7 in the Zacks Sector Rank. 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 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. Korn/Ferry is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for KFY's full-year earnings has moved 1.7% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, KFY has returned 1.9% so far this year. At the same time, Business Services stocks have gained an average of 1.5%. This shows that Korn/Ferry is outperforming its peers so far this year.
One other Business Services stock that has outperformed the sector so far this year is Nextech3D.AI Corporation (NEXCF). The stock is up 17.6% year-to-date.
The consensus estimate for Nextech3D.AI Corporation's current year EPS has increased 25% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Korn/Ferry belongs to the Staffing Firms industry, a group that includes 17 individual companies and currently sits at #180 in the Zacks Industry Rank. This group has lost an average of 7.3% so far this year, so KFY is performing better in this area.
Nextech3D.AI Corporation, however, belongs to the Technology Services industry. Currently, this 151-stock industry is ranked #64. The industry has moved -11.1% so far this year.
Investors interested in the Business Services sector may want to keep a close eye on Korn/Ferry and Nextech3D.AI Corporation as they attempt to continue their solid performance.
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This article originally published on Zacks Investment Research (zacks.com).