Is DAVE INC (DAVE) Outperforming Other Business Services Stocks This Year?

Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Has Dave Inc. (DAVE) been one of those stocks this year? 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.

Dave Inc. is a member of the Business Services sector. This group includes 238 individual stocks and currently holds a Zacks Sector Rank of #14. 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Dave Inc. is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for DAVE's full-year earnings has moved 0.5% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Our latest available data shows that DAVE has returned about 1.8% since the start of the calendar year. In comparison, Business Services companies have returned an average of -8.5%. As we can see, Dave Inc. is performing better than its sector in the calendar year.

Another stock in the Business Services sector, Esco Technologies (ESE), has outperformed the sector so far this year. The stock's year-to-date return is 38.3%.

For Esco Technologies, the consensus EPS estimate for the current year has increased 4.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

To break things down more, Dave Inc. belongs to the Technology Services industry, a group that includes 109 individual companies and currently sits at #178 in the Zacks Industry Rank. On average, this group has lost an average of 6.4% so far this year, meaning that DAVE is performing better in terms of year-to-date returns. Esco Technologies is also part of the same industry.

Going forward, investors interested in Business Services stocks should continue to pay close attention to Dave Inc. and Esco Technologies as they could maintain their solid performance.

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This article originally published on Zacks Investment Research (zacks.com).

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