Are Business Services Stocks Lagging ARQIT QUANTUM (ARQQ) This Year?

Group 1 - Arqit Quantum Inc. (ARQQ) is currently outperforming its peers in the Business Services sector, with a year-to-date return of approximately 178.5% compared to the sector average of 24.2% [4] - The Zacks Rank for Arqit Quantum Inc. is 2 (Buy), indicating a positive outlook based on earnings estimates and revisions, with a 30.5% increase in the consensus estimate for full-year earnings over the past quarter [3] - The Technology Services industry, which includes Arqit Quantum Inc., has an average gain of 58.1% year-to-date, further highlighting ARQQ's strong performance within its industry [6] Group 2 - The Business Services group ranks 5 within the Zacks Sector Rank, which evaluates the strength of 16 individual sector groups based on the average Zacks Rank of stocks [2] - Another notable stock in the Business Services sector is Parsons (PSN), which has returned 53.6% year-to-date and has a Zacks Rank of 1 (Strong Buy) [4][5] - Investors should closely monitor both Arqit Quantum Inc. and Parsons for potential continued strong performance in the Business Services sector [7]