Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Is DocuSign (DOCU) 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.
DocuSign is one of 194 individual stocks in the Business Services sector. Collectively, these companies sit at #4 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. DOCU is currently sporting a Zacks Rank of