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Is Cricut (CRCT) Stock Outpacing Its Business Services Peers This Year?
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Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Is Cricut, Inc. (CRCT - Free Report) 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.
Cricut, Inc. is a member of our Business Services group, which includes 253 different companies and currently sits at #4 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. Cricut, Inc. is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for CRCT's full-year earnings has moved 27.3% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, CRCT has returned 18.4% so far this year. At the same time, Business Services stocks have gained an average of 0%. This means that Cricut, Inc. is performing better than its sector in terms of year-to-date returns.
Another stock in the Business Services sector, Digi Power X Inc. (DGXX - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 62.7%.
For Digi Power X Inc., the consensus EPS estimate for the current year has increased 65.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Cricut, Inc. belongs to the Technology Services industry, which includes 118 individual stocks and currently sits at #84 in the Zacks Industry Rank. On average, stocks in this group have gained 39.3% this year, meaning that CRCT is slightly underperforming its industry in terms of year-to-date returns. Digi Power X Inc. is also part of the same industry.
Investors interested in the Business Services sector may want to keep a close eye on Cricut, Inc. and Digi Power X Inc. as they attempt to continue their solid performance.
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Is Cricut (CRCT) Stock Outpacing Its Business Services Peers This Year?
Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Is Cricut, Inc. (CRCT - Free Report) 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.
Cricut, Inc. is a member of our Business Services group, which includes 253 different companies and currently sits at #4 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. Cricut, Inc. is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for CRCT's full-year earnings has moved 27.3% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, CRCT has returned 18.4% so far this year. At the same time, Business Services stocks have gained an average of 0%. This means that Cricut, Inc. is performing better than its sector in terms of year-to-date returns.
Another stock in the Business Services sector, Digi Power X Inc. (DGXX - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 62.7%.
For Digi Power X Inc., the consensus EPS estimate for the current year has increased 65.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Cricut, Inc. belongs to the Technology Services industry, which includes 118 individual stocks and currently sits at #84 in the Zacks Industry Rank. On average, stocks in this group have gained 39.3% this year, meaning that CRCT is slightly underperforming its industry in terms of year-to-date returns. Digi Power X Inc. is also part of the same industry.
Investors interested in the Business Services sector may want to keep a close eye on Cricut, Inc. and Digi Power X Inc. as they attempt to continue their solid performance.