Those looking for strong business services stocks would be wise to look for companies within their group that are outperforming their peers. Microvast Holdings, Inc. (MVST) is certainly a stock that attracts the attention of many investors, but do its recent earnings compare to the broader sector? You might be able to answer that question by looking at its performance from to today.
Microvast Holdings, Inc. is one of 329 companies in the Business Services group. The Business Services group currently sits at #12 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed from highest to lowest in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank focuses on earnings estimates and estimate revisions to find stocks with improving earnings prospects. This system has a long track record of success, and these stocks tend to outperform the market over the next 1-3 months. Microvast Holdings, Inc. currently has a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for MVST's full-year earnings has moved 18.2% higher. This means that analyst sentiment is strengthening and the stock's earnings outlook is improving.
Based on the latest available data, MVST is up about 24.8% so far this year. At the same time, business services stocks rose an average of 8.5%. This means Microvast Holdings, Inc. has outperformed the overall sector this year.
Another business services stock that has outperformed its sector so far this year is Nu Holdings Ltd. (NU). The stock has returned 87.7% year-to-date.
Over the past three months, Nu Holdings Ltd's current year consensus EPS estimate has increased 16.3%. The stock currently has a Zacks Rank #2 (Buy).
More specifically, Microvast Holdings, Inc. belongs to the Technology Services industry, a group that includes 187 individual stocks and currently sits at #104 in the Zacks Industry Rank. On average, stocks in this group are up 15.4% this year, meaning his MVST is performing better in terms of year-to-date returns. Nu Holdings Ltd. also belongs to the same industry.
Investors interested in business services stocks should continue to pay close attention to Microvast Holdings, Inc. and Nu Holdings Ltd., as they are likely to continue their strong performance.
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