Are Business Services Stocks Lagging Amplitude (AMPL) This Year?

Core Insights - Amplitude, Inc. (AMPL) is outperforming its peers in the Business Services sector with a year-to-date return of approximately 17.9%, compared to the sector average of 3.4% [4] - The Zacks Rank for Amplitude, Inc. is 2 (Buy), indicating a positive earnings outlook and improving analyst sentiment, with a 17.4% increase in the consensus estimate for full-year earnings over the past three months [3][4] - Amplitude, Inc. is part of the Technology Services industry, which has seen an average gain of 5.2% this year, further highlighting AMPL's strong performance relative to its industry peers [6] Company Performance - Amplitude, Inc. has returned about 17.9% since the start of the calendar year, significantly outperforming the average return of 3.4% for Business Services stocks [4] - The stock's earnings outlook is improving, as indicated by a 17.4% increase in the Zacks Consensus Estimate for full-year earnings [4] - The company currently holds a Zacks Rank of 2 (Buy), suggesting favorable conditions for potential investors [3] Industry Context - The Business Services group includes 260 companies and is currently ranked 1 in the Zacks Sector Rank, reflecting the overall strength of the sector [2] - The Technology Services industry, which includes Amplitude, Inc., consists of 122 stocks and is ranked 40 in the Zacks Industry Rank, with an average gain of 5.2% this year [6] - AppLovin (APP), another stock in the Business Services sector, has also shown strong performance with a 4% return year-to-date and a Zacks Rank of 1 (Strong Buy) [5]