Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Is Tessera Holding (XPER) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Business Services peers, we might be able to answer that question.
Tessera Holding is one of 192 individual stocks in the Business Services sector. Collectively, these companies sit at #7 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. XPER is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for XPER's full-year earnings has moved 47.24% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that XPER has returned about 16.91% since the start of the calendar year. In comparison, Business Services companies have returned an average of 10.66%. This means that Tessera Holding is performing better than its sector in terms of year-to-date returns.
Looking more specifically, XPER belongs to the Technology Services industry, which includes 53 individual stocks and currently sits at #91 in the Zacks Industry Rank. Stocks in this group have gained about 15.90% so far this year, so XPER is performing better this group in terms of year-to-date returns.
Going forward, investors interested in Business Services stocks should continue to pay close attention to XPER as it looks to continue its solid performance.
Tessera Holding Corporation (XPER): Free Stock Analysis Report
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