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Is Evertec (EVTC) Outperforming Other Business Services Stocks 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. Evertec (EVTC - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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.
Evertec is a member of our Business Services group, which includes 246 different companies and currently sits at #11 in 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Evertec is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for EVTC's full-year earnings has moved 3.9% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that EVTC has returned about 1.4% since the start of the calendar year. In comparison, Business Services companies have returned an average of -8.3%. As we can see, Evertec is performing better than its sector in the calendar year.
Nexxen International Ltd. Sponsored ADR (NEXN - 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 60.2%.
Over the past three months, Nexxen International Ltd. Sponsored ADR's consensus EPS estimate for the current year has increased 2.7%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Evertec belongs to the Financial Transaction Services industry, which includes 37 individual stocks and currently sits at #158 in the Zacks Industry Rank. On average, stocks in this group have lost 7.1% this year, meaning that EVTC is performing better in terms of year-to-date returns.
In contrast, Nexxen International Ltd. Sponsored ADR falls under the Advertising and Marketing industry. Currently, this industry has 16 stocks and is ranked #173. Since the beginning of the year, the industry has moved +1.6%.
Investors with an interest in Business Services stocks should continue to track Evertec and Nexxen International Ltd. Sponsored ADR. These stocks will be looking to continue their solid performance.
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Is Evertec (EVTC) Outperforming Other Business Services Stocks 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. Evertec (EVTC - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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.
Evertec is a member of our Business Services group, which includes 246 different companies and currently sits at #11 in 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Evertec is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for EVTC's full-year earnings has moved 3.9% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that EVTC has returned about 1.4% since the start of the calendar year. In comparison, Business Services companies have returned an average of -8.3%. As we can see, Evertec is performing better than its sector in the calendar year.
Nexxen International Ltd. Sponsored ADR (NEXN - 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 60.2%.
Over the past three months, Nexxen International Ltd. Sponsored ADR's consensus EPS estimate for the current year has increased 2.7%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Evertec belongs to the Financial Transaction Services industry, which includes 37 individual stocks and currently sits at #158 in the Zacks Industry Rank. On average, stocks in this group have lost 7.1% this year, meaning that EVTC is performing better in terms of year-to-date returns.
In contrast, Nexxen International Ltd. Sponsored ADR falls under the Advertising and Marketing industry. Currently, this industry has 16 stocks and is ranked #173. Since the beginning of the year, the industry has moved +1.6%.
Investors with an interest in Business Services stocks should continue to track Evertec and Nexxen International Ltd. Sponsored ADR. These stocks will be looking to continue their solid performance.