Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Corpay (CPAY) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
Corpay is a member of the Business Services sector. This group includes 247 individual stocks and currently holds a Zacks Sector Rank of #10. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Corpay is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for CPAY's full-year earnings has moved 3.6% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that CPAY has returned about 14.9% since the start of the calendar year. Meanwhile, the Business Services sector has returned an average of -9.3% on a year-to-date basis. As we can see, Corpay is performing better than its sector in the calendar year.
Another Business Services stock, which has outperformed the sector so far this year, is FirstCash Holdings (FCFS). The stock has returned 35.3% year-to-date.
For FirstCash Holdings, the consensus EPS estimate for the current year has increased 7.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Corpay belongs to the Financial Transaction Services industry, a group that includes 37 individual companies and currently sits at #65 in the Zacks Industry Rank. This group has lost an average of 12.4% so far this year, so CPAY is performing better in this area. FirstCash Holdings is also part of the same industry.
Investors with an interest in Business Services stocks should continue to track Corpay and FirstCash Holdings. These stocks will be looking to continue their solid performance.
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Corpay, Inc. (CPAY): Free Stock Analysis Report
FirstCash Holdings, Inc. (FCFS): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).