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.
Is Corpay, Inc. (CPAY) Stock Outpacing Its Business Services Peers This Year?
Read MoreHide Full Article
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 Corpay (CPAY - Free Report) been one of those stocks this year? 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.
Corpay is one of 238 individual stocks in the Business Services sector. Collectively, these companies sit at #13 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 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. Corpay is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for CPAY's full-year earnings has moved 4.6% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, CPAY has gained about 5.5% so far this year. Meanwhile, the Business Services sector has returned an average of -11% on a year-to-date basis. This means that Corpay is outperforming the sector as a whole this year.
Evertec (EVTC - 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 0.9%.
The consensus estimate for Evertec's current year EPS has increased 1.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Corpay belongs to the Financial Transaction Services industry, which includes 37 individual stocks and currently sits at #151 in the Zacks Industry Rank. On average, this group has lost an average of 13.2% so far this year, meaning that CPAY is performing better in terms of year-to-date returns. Evertec is also part of the same industry.
Corpay and Evertec could continue their solid performance, so investors interested in Business Services stocks should continue to pay close attention to these stocks.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Is Corpay, Inc. (CPAY) 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 Corpay (CPAY - Free Report) been one of those stocks this year? 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.
Corpay is one of 238 individual stocks in the Business Services sector. Collectively, these companies sit at #13 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 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. Corpay is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for CPAY's full-year earnings has moved 4.6% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, CPAY has gained about 5.5% so far this year. Meanwhile, the Business Services sector has returned an average of -11% on a year-to-date basis. This means that Corpay is outperforming the sector as a whole this year.
Evertec (EVTC - 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 0.9%.
The consensus estimate for Evertec's current year EPS has increased 1.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Corpay belongs to the Financial Transaction Services industry, which includes 37 individual stocks and currently sits at #151 in the Zacks Industry Rank. On average, this group has lost an average of 13.2% so far this year, meaning that CPAY is performing better in terms of year-to-date returns. Evertec is also part of the same industry.
Corpay and Evertec could continue their solid performance, so investors interested in Business Services stocks should continue to pay close attention to these stocks.