Investors focused on the Business Services space have likely heard of Core-Mark Holding Company (CORE), but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Business Services sector should help us answer this question.
Core-Mark Holding Company is a member of the Business Services sector. This group includes 189 individual stocks and currently holds a Zacks Sector Rank of #12. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. CORE is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for CORE's full-year earnings has moved 5.74% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, CORE has gained about 60.60% so far this year. At the same time, Business Services stocks have gained an average of 22.37%. As we can see, Core-Mark Holding Company is performing better than its sector in the calendar year.
Looking more specifically, CORE belongs to the Business - Services industry, a group that includes 32 individual stocks and currently sits at #177 in the Zacks Industry Rank. On average, stocks in this group have gained 39.59% this year, meaning that CORE is performing better in terms of year-to-date returns.
Going forward, investors interested in Business Services stocks should continue to pay close attention to CORE as it looks to continue its solid performance.
Core-Mark Holding Company, Inc. (CORE): Free Stock Analysis Report
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