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Is Paymentus (PAY) Stock Outpacing Its Business Services Peers This Year?
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For those looking to find strong Business Services stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Paymentus (PAY - Free Report) been one of those stocks this year? 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.
Paymentus is one of 315 individual stocks in the Business Services sector. Collectively, these companies sit at #5 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. Paymentus is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for PAY's full-year earnings has moved 7.3% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, PAY has returned 10% so far this year. Meanwhile, stocks in the Business Services group have gained about 8.6% on average. This means that Paymentus is outperforming the sector as a whole this year.
Another stock in the Business Services sector, RB Global (RBA - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 13.5%.
The consensus estimate for RB Global's current year EPS has increased 5.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Paymentus is a member of the Technology Services industry, which includes 174 individual companies and currently sits at #83 in the Zacks Industry Rank. This group has gained an average of 15% so far this year, so PAY is slightly underperforming its industry in this area.
In contrast, RB Global falls under the Financial Transaction Services industry. Currently, this industry has 39 stocks and is ranked #48. Since the beginning of the year, the industry has moved +7.8%.
Investors with an interest in Business Services stocks should continue to track Paymentus and RB Global. These stocks will be looking to continue their solid performance.
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Is Paymentus (PAY) Stock Outpacing Its Business Services Peers This Year?
For those looking to find strong Business Services stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Paymentus (PAY - Free Report) been one of those stocks this year? 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.
Paymentus is one of 315 individual stocks in the Business Services sector. Collectively, these companies sit at #5 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. Paymentus is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for PAY's full-year earnings has moved 7.3% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, PAY has returned 10% so far this year. Meanwhile, stocks in the Business Services group have gained about 8.6% on average. This means that Paymentus is outperforming the sector as a whole this year.
Another stock in the Business Services sector, RB Global (RBA - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 13.5%.
The consensus estimate for RB Global's current year EPS has increased 5.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Paymentus is a member of the Technology Services industry, which includes 174 individual companies and currently sits at #83 in the Zacks Industry Rank. This group has gained an average of 15% so far this year, so PAY is slightly underperforming its industry in this area.
In contrast, RB Global falls under the Financial Transaction Services industry. Currently, this industry has 39 stocks and is ranked #48. Since the beginning of the year, the industry has moved +7.8%.
Investors with an interest in Business Services stocks should continue to track Paymentus and RB Global. These stocks will be looking to continue their solid performance.