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Is FirstCash (FCFS) Stock Outpacing Its Business Services Peers This Year?

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Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Has FirstCash Holdings (FCFS - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

FirstCash Holdings is one of 233 individual stocks in the Business Services sector. Collectively, these companies sit at #8 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

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. FirstCash Holdings is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for FCFS' full-year earnings has moved 5.8% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Our latest available data shows that FCFS has returned about 40.7% since the start of the calendar year. Meanwhile, the Business Services sector has returned an average of -11.9% on a year-to-date basis. This shows that FirstCash Holdings is outperforming its peers so far this year.

Paysign, Inc. (PAYS - 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 13.2%.

For Paysign, Inc., the consensus EPS estimate for the current year has increased 10.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

Breaking things down more, FirstCash Holdings is a member of the Financial Transaction Services industry, which includes 35 individual companies and currently sits at #80 in the Zacks Industry Rank. This group has lost an average of 17.5% so far this year, so FCFS is performing better in this area. Paysign, Inc. is also part of the same industry.

Investors with an interest in Business Services stocks should continue to track FirstCash Holdings and Paysign, Inc.. These stocks will be looking to continue their solid performance.

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