Investors focused on the Business Services space have likely heard of DocuSign (DOCU), but is the stock performing well in comparison to the rest of its sector peers? Let’s take a closer look at the stock’s year-to-date performance to find out.
DocuSign is a member of the Business Services sector. This group includes 194 individual stocks and currently holds a Zacks Sector Rank of #12. 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. DOCU is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for DOCU’s full-year earnings has moved