Business and Professional Services sector to post in-line 3Q results

10/12/06 - JMP Securities

NEW YORK, October 12 (newratings.com) – Analysts at JMP Securities expect majority of the companies in the Business and Professional Services sector to report their 3Q results in-line with the expectations.

In a research note published this morning, the analysts mentions that the business services sector is expected to benefit from the secular growth trend for consulting projects and outsourcing services, along with a stable hiring environment in the forthcoming two years. The analysts expect internal operating leverage to result in additional earnings growth for majority of the companies in the sector. JMP Securities believes that the professional services industry is best positioned to witness growth in the business services sector.