Zacks Industry Outlook Highlights: Healthcare Services Group, Cardtronics, Avis Budget Group, Furmanite and ENGlobal

  Zacks Industry Outlook Highlights: Healthcare Services Group, Cardtronics,
                  Avis Budget Group, Furmanite and ENGlobal

PR Newswire

CHICAGO, July 25, 2013

CHICAGO, July 25, 2013 /PRNewswire/ --Today, Zacks Equity Research discusses
the U.S. Business Services, including Healthcare Services Group, Inc.
(Nasdaq:HCSG-Free Report), Cardtronics, Inc. (Nasdaq:CATM-Free Report), Avis
Budget Group, Inc. (Nasdaq:CAR-Free Report), Furmanite Corporation
(NYSE:FRM-Free Report) and ENGlobal Corporation (Nasdaq:ENG-Free Report).

(Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO)

Industry: Business Services

Link:
http://www.zacks.com/commentary/28270/business-services-stock-outlook-july-2013

With companies starting to release their second quarter financial reports,
let's take a look at how things are shaping up for the sector.

Earnings for the business sector have grown 9.7% in first quarter, faring
better than the S&P Group's earnings growth of 2.4%. Earnings were also better
than 8.6% growth achieved in the last quarter of 2012.

Revenues showed an improvement of 2.8%, faring much better than the S&P 500's
year-over-year average of negative 1.1%. Revenue growth also improved
sequentially.

In terms of surprises, the sector's performance was weaker than the broader
market, with only 52.6% of Business Services companies beating earnings
expectations, compared to the 'beat ratio' of 65.2% for the S&P 500.

Looking ahead at the second quarter results, earnings are expected to improve
9.7% compared to a minimal improvement of 1% for the broader market. Revenue
growth is expected to be 1.6% for the sector but decline 0.8% for the S&P 500.

Consolidations in Q2

Mergers and acquisitions play an important part in not only strengthening a
company's foothold by grabbing more market share but also edging out
competition.Healthcare Services Group, Inc.

(Nasdaq:

HCSG

-

Free Report

), provider of housekeeping, laundry, linen, facility maintenance and dietary
services to nursing homes, retirement complexes, rehabilitation centers, and
hospitals in the United States, entered into a deal with Platinum Health
Services, LLC to purchase all of its operating assets.

Cardtronics, Inc. (Nasdaq:CATM-Free Report) is busy making acquisitions. This
provider of automated consumer financial services, purchased the assets of
Rohnert Park, CA-based Merrimak ATM Group, LLC in June. In May it purchased
the assets of Portland, OR-based Aptus Financial.

Global vehicle rental giant

Avis Budget Group, Inc.

(Nasdaq:

CAR

-

Free Report

) acquired Payless Car Rental, the sixth largest car rental company.

Furmanite Corporation (NYSE:FRM-Free Report), provider of specialized
technical services, has also entered into a deal to buy the Gulf coast
operations of ENGlobal Corporation (Nasdaq:ENG-Free Report). These are
ENGlobal Corp.'s professional service assets.

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