The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is MoneyLion Inc. (ML - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Business Services peers, we might be able to answer that question.
MoneyLion Inc. is a member of the Business Services sector. This group includes 314 individual stocks and currently holds a Zacks Sector Rank of #9. 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. MoneyLion Inc. is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ML's full-year earnings has moved 93.3% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, ML has moved about 9.5% on a year-to-date basis. In comparison, Business Services companies have returned an average of 4.5%. This means that MoneyLion Inc. is outperforming the sector as a whole this year.
Another stock in the Business Services sector, Omnicom (OMC - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 11.8%.
For Omnicom, the consensus EPS estimate for the current year has increased 0.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, MoneyLion Inc. belongs to the Financial Transaction Services industry, a group that includes 39 individual companies and currently sits at #84 in the Zacks Industry Rank. Stocks in this group have gained about 5.7% so far this year, so ML is performing better this group in terms of year-to-date returns.
In contrast, Omnicom falls under the Advertising and Marketing industry. Currently, this industry has 18 stocks and is ranked #175. Since the beginning of the year, the industry has moved +1%.
Going forward, investors interested in Business Services stocks should continue to pay close attention to MoneyLion Inc. and Omnicom as they could maintain their solid performance.
Buy 5 Stocks BEFORE Election Day
Biden or Trump? Zacks is releasing a FREE Special Report, Profit from the 2024 Presidential Election (no matter who wins).
Since 1950, presidential election years have been strong for the market. This report names 5 timely stocks to ride the wave of electoral excitement.
They include a medical manufacturer that gained +11,000% in the last 15 years… a rental company absolutely crushing its sector… an energy powerhouse planning to grow its already large dividend by 25%... an aerospace and defense standout that just landed a potentially $80 billion contract… and a giant chipmaker building huge plants in the U.S.
Don’t Wait. Download FREE >>
The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is MoneyLion Inc. (ML - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Business Services peers, we might be able to answer that question.
MoneyLion Inc. is a member of the Business Services sector. This group includes 314 individual stocks and currently holds a Zacks Sector Rank of #9. 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. MoneyLion Inc. is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ML's full-year earnings has moved 93.3% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, ML has moved about 9.5% on a year-to-date basis. In comparison, Business Services companies have returned an average of 4.5%. This means that MoneyLion Inc. is outperforming the sector as a whole this year.
Another stock in the Business Services sector, Omnicom (OMC - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 11.8%.
For Omnicom, the consensus EPS estimate for the current year has increased 0.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, MoneyLion Inc. belongs to the Financial Transaction Services industry, a group that includes 39 individual companies and currently sits at #84 in the Zacks Industry Rank. Stocks in this group have gained about 5.7% so far this year, so ML is performing better this group in terms of year-to-date returns.
In contrast, Omnicom falls under the Advertising and Marketing industry. Currently, this industry has 18 stocks and is ranked #175. Since the beginning of the year, the industry has moved +1%.
Going forward, investors interested in Business Services stocks should continue to pay close attention to MoneyLion Inc. and Omnicom as they could maintain their solid performance.
Buy 5 Stocks BEFORE Election Day
Biden or Trump? Zacks is releasing a FREE Special Report, Profit from the 2024 Presidential Election (no matter who wins).
Since 1950, presidential election years have been strong for the market. This report names 5 timely stocks to ride the wave of electoral excitement.
They include a medical manufacturer that gained +11,000% in the last 15 years… a rental company absolutely crushing its sector… an energy powerhouse planning to grow its already large dividend by 25%... an aerospace and defense standout that just landed a potentially $80 billion contract… and a giant chipmaker building huge plants in the U.S.
Don’t Wait. Download FREE >>
Get the latest research report on OMC - FREE
Get the latest research report on ML - FREE