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).


Industry: Business Services


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

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.




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.




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.

About Zacks is a property of Zacks Investment Research, Inc., which was formed
in 1978. The later formation of the Zacks Rank, a proprietary stock picking
system; continues to outperform the market by nearly a 3 to 1 margin. The best
way to unlock the profitable stock recommendations and market insights of
Zacks Investment Research is through our free daily email newsletter; Profit
from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED
to be worth your time! Click here for your free subscription to Profit from
the Pros.

Get the full Report on HCSG - FREE

Get the full Report on CATM - FREE

Get the full Report on CAR - FREE

Get the full Report on FRM - FREE

Get the full Report on ENG - FREE

Follow us on Twitter:

Join us on Facebook:

Zacks Investment Research is under common control with affiliated entities
(including a broker-dealer and an investment adviser), which may engage in
transactions involving the foregoing securities for the clients of such

Media Contact

Zacks Investment Research

800-767-3771 ext. 9339

Past performance is no guarantee of future results. Inherent in any investment
is the potential for loss. This material is being provided for informational
purposes only and nothing herein constitutes investment, legal, accounting or
tax advice, or a recommendation to buy, sell or hold a security. No
recommendation or advice is being given as to whether any investment is
suitable for a particular investor. It should not be assumedthat any
investments in securities, companies, sectors or markets identified and
described were or will be profitable. All information is current as of the
date of herein andis subject to change without notice. Any views or opinions
expressed may not reflect those of the firm as a whole. Zacks Investment
Research does not engage in investment banking, market making or asset
management activities of any securities. These returns are from hypothetical
portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced
monthly with zero transaction costs. These are not the returns of actual
portfolios of stocks. The S&P 500 is an unmanaged index. Visit for information about the performance numbers
displayed in this press release.

SOURCE Zacks Investment Research, Inc.

Press spacebar to pause and continue. Press esc to stop.