We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Are Business Services Stocks Lagging Paymentus (PAY) This Year?
Read MoreHide Full Article
The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Paymentus (PAY - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Business Services sector should help us answer this question.
Paymentus is one of 270 companies in the Business Services group. The Business Services group currently sits at #6 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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).
Over the past three months, the Zacks Consensus Estimate for PAY's full-year earnings has moved 9.2% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, PAY has gained about 4.5% so far this year. In comparison, Business Services companies have returned an average of 0.5%. As we can see, Paymentus is performing better than its sector in the calendar year.
Society Pass Incorporated (SOPA - Free Report) is another Business Services stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 28.1%.
The consensus estimate for Society Pass Incorporated's current year EPS has increased 27.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Paymentus belongs to the Financial Transaction Services industry, a group that includes 35 individual companies and currently sits at #86 in the Zacks Industry Rank. On average, this group has gained an average of 3.3% so far this year, meaning that PAY is performing better in terms of year-to-date returns.
In contrast, Society Pass Incorporated falls under the Technology Services industry. Currently, this industry has 129 stocks and is ranked #59. Since the beginning of the year, the industry has moved -6.5%.
Paymentus and Society Pass Incorporated could continue their solid performance, so investors interested in Business Services stocks should continue to pay close attention to these stocks.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Are Business Services Stocks Lagging Paymentus (PAY) This Year?
The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Paymentus (PAY - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Business Services sector should help us answer this question.
Paymentus is one of 270 companies in the Business Services group. The Business Services group currently sits at #6 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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).
Over the past three months, the Zacks Consensus Estimate for PAY's full-year earnings has moved 9.2% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, PAY has gained about 4.5% so far this year. In comparison, Business Services companies have returned an average of 0.5%. As we can see, Paymentus is performing better than its sector in the calendar year.
Society Pass Incorporated (SOPA - Free Report) is another Business Services stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 28.1%.
The consensus estimate for Society Pass Incorporated's current year EPS has increased 27.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Paymentus belongs to the Financial Transaction Services industry, a group that includes 35 individual companies and currently sits at #86 in the Zacks Industry Rank. On average, this group has gained an average of 3.3% so far this year, meaning that PAY is performing better in terms of year-to-date returns.
In contrast, Society Pass Incorporated falls under the Technology Services industry. Currently, this industry has 129 stocks and is ranked #59. Since the beginning of the year, the industry has moved -6.5%.
Paymentus and Society Pass Incorporated could continue their solid performance, so investors interested in Business Services stocks should continue to pay close attention to these stocks.