Encouraging manufacturing and service activities, along with the increased adoption and success of the work-from-home trend, are enabling the Zacks Consulting Services industry to support the demand environment.Service demand, innovation and acquisitions are helping Gartner, Inc. IT, Huron Consulting Group Inc. HURN and CBIZ, Inc. CBZ sail through these testing times.About the IndustryCompanies grouped under the Consulting Services category offer professional advice in management, IT, human resources, environmental regulations, logistics and marketing, and real estate, serving multiple end markets. The space includes prominent names such as Accenture and Gartner. Amid the pandemic, the focus within the industry is currently on channelizing money and efforts toward more effective operational components, such as technology, digital transformation and data-driven decision-making. To position themselves suitably in the post-pandemic era and better utilize the opportunities that the economic recovery will bring, service providers are increasing their efforts toward formulating and reassessing strategic initiatives, identifying sources of demand and targeting end markets.What's Shaping the Future of Consulting Services Industry?Exponential Growth: This multi-billion-dollar industry has witnessed exponential growth since the 2008 financial crisis, enjoying a steady rate of revenues, profit and cash-flow growth. Consequently, the trend has enabled most industry players to pay out stable dividends.Pandemic Resiliency: Consulting services is one of the industries least affected by the pandemic. This is because, even amid a volatile situation, organizations require extensive advice on how to protect their employees and stay closer to consumers and shareholders. Further, this industry is one of the earliest pioneers of remote working that has now become part of the new normal. The nature of work enables industry players to function efficiently through the increased use of technology.Non-stop Service Demand: With both manufacturing and service activities in the pink, the demand for consulting services is rising steadily. The manufacturing PMI and the Services PMI measured by the Institute for Supply Management have stayed above the 50% mark for the past two years, indicating continued expansion.Zacks Industry Rank Indicates Bright ProspectsThe Consulting Services industry, housed within the broader Business Services sector, currently carries a Zacks Industry Rank #33. This rank places it in the top 13% of more than 250 Zacks industries.The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates solid near-term growth prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than two to one.Analysts covering the companies in this industry have been steadily pushing their estimates northward. Over the past year, the industry’s Zacks Consensus Estimate for earnings in 2022 has moved 8.2% north.Before we present a few stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock market performance and current valuation.Industry's Price PerformanceOver the past year, the Consulting Services industry has declined 18.8%. The S&P 500 composite and the broader sector declined 16.2% and 47.6%, respectively, in the said time frame.One-Year Price PerformanceIndustry's Current ValuationOn the basis of the forward 12-month price-to-earnings (P/E), which is a commonly used multiple for valuing consulting services companies, we see that the industry is currently trading at 21.45X, above the S&P 500’s 16.3X but below the sector’s 22.13X.Over the past five years, the industry has traded as high as 35.21X, as low as 18.82X and at a median of 23.56X, as the charts below show.Price to Forward 12 Months P/E Ratio3 Consulting Services Stocks to Bet OnWe present three stocks that currently carry a Zacks Rank #1 (Strong Buy) or Zacks Rank #2 (Buy) and are well-positioned for near-term growth.You can see the complete list of today’s Zacks #1 Rank stocks here. Gartner: The research giant has a large and diverse addressable market with low customer concentration, which helps it mitigate operating risks. The company offers timely, thought-provoking and comprehensive analysis. Its research reports are used by various companies across different sectors, strengthening its leading position in the market.Consistency in rewarding shareholders through share buybacks not only instills investors’ confidence in the stock but also positively impacts earnings per share. The company’s bottom line continued to benefit from improvement in operational efficiency.The Zacks Consensus Estimate for 2022 EPS has increased 12.4% to $9.08 over the past 60 days. Gartner currently carries a Zacks Rank #1.Price and Consensus: IT Huron Consulting: This provider of consultancy services is currently witnessing strength across its healthcare, education and commercial segments. Sales remain healthy, driven by growing demand for technology and analytics, digital and revenue cycle managed services.The Zacks Consensus Estimate for revenues for the current year indicates a 17.8% year-over-year increase. The Zacks Consensus Estimate for 2022 EPS suggests a 25.7% improvement from the year-ago reported number. The consensus EPS estimate for the year has increased 2.5% over the past 60 days. HURN currently carries a Zacks Rank #1.Price and Consensus: HURN CBIZ: This provider of financial, insurance and advisory services has been benefiting from its acquisition spree and strength across all of its major service lines. CBIZ posted better-than-expected results in three of the past four quarters. Acquisitions contributed 18.5% to the company’s revenues in the second quarter of 2022.The Zacks Consensus Estimate for revenues for the current year indicates a 24% year-over-year increase. The Zacks Consensus Estimate for the 2022 year suggests a 26.5% improvement from the year-ago reported number. The consensus EPS estimate for the year has increased 3.4% over the past 60 days. CBIZ currently carries a Zacks Rank #2.Price and Consensus: CBIZ Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Gartner, Inc. (IT): Free Stock Analysis Report Huron Consulting Group Inc. (HURN): Free Stock Analysis Report CBIZ, Inc. (CBZ): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research