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Is SPAR Group (SGRP) Stock Outpacing Its Business Services Peers This Year?
SPAR SPAR (US:SGRP) ZACKSยท2024-09-05 14:41

Company Overview - SPAR Group, Inc. is part of the Business Services sector, which includes 317 individual stocks and currently holds a Zacks Sector Rank of 5 [2] - The Zacks Rank system highlights stocks with characteristics that are likely to outperform the market over the next one to three months, with SPAR Group, Inc. currently holding a Zacks Rank of 2 (Buy) [3] Earnings Performance - The Zacks Consensus Estimate for SPAR Group's full-year earnings has increased by 166.7% over the past quarter, indicating improved analyst sentiment and a stronger earnings outlook [4] - Year-to-date, SPAR Group, Inc. has seen a performance increase of approximately 136.6%, significantly outperforming the average gain of 11.4% in the Business Services sector [4] Industry Comparison - SPAR Group, Inc. belongs to the Business - Services industry, which consists of 24 individual stocks and currently ranks 86 in the Zacks Industry Rank; this industry has experienced a loss of about 2.8% year-to-date, indicating that SPAR Group is performing better than its peers [6] - In contrast, Hudson Global, another stock in the Business Services sector, belongs to the Outsourcing industry, which has gained 14.2% year-to-date and also holds a Zacks Rank of 2 (Buy) [6][5] Investment Outlook - Both SPAR Group, Inc. and Hudson Global are expected to continue their solid performance, making them noteworthy options for investors interested in Business Services stocks [7]