Is ADEIA INC (ADEA) Stock Outpacing Its Business Services Peers This Year?

Group 1 - Adeia (ADEA) has gained about 0.6% year-to-date, outperforming the average return of -1.2% for the Business Services sector [4] - Adeia is currently ranked 1 (Strong Buy) in the Zacks Rank, indicating strong analyst sentiment and an improving earnings outlook, with a 5.4% increase in the consensus estimate for full-year earnings over the past quarter [3] - Adeia belongs to the Technology Services industry, which has an average gain of 18.8% this year, indicating that ADEA is slightly underperforming its industry [6] Group 2 - The Business Services sector consists of 255 individual stocks and is ranked 5 in the Zacks Sector Rank, which measures the strength of sector groups based on the average Zacks Rank of individual stocks [2] - Alithya Group (ALYAF) is another stock in the Business Services sector that has significantly outperformed, with a year-to-date increase of 72.3% and a consensus EPS estimate increase of 8.9% over the past three months, also holding a Zacks Rank of 1 (Strong Buy) [4][5] - Investors interested in Business Services stocks should monitor both Adeia and Alithya Group for their continued solid performance [7]