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Is DLocal Limited (DLO) Stock Outpacing Its Business Services Peers This Year?
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The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has DLocal (DLO - 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.
DLocal is a member of the Business Services sector. This group includes 248 individual stocks and currently holds a Zacks Sector Rank of #11. 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 proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. DLocal is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for DLO's full-year earnings has moved 0.8% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, DLO has gained about 2.2% so far this year. Meanwhile, stocks in the Business Services group have lost about 11.2% on average. As we can see, DLocal is performing better than its sector in the calendar year.
One other Business Services stock that has outperformed the sector so far this year is Paymentus (PAY - Free Report) . The stock is up 14% year-to-date.
In Paymentus' case, the consensus EPS estimate for the current year increased 13.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, DLocal belongs to the Financial Transaction Services industry, which includes 37 individual stocks and currently sits at #186 in the Zacks Industry Rank. On average, this group has lost an average of 10.2% so far this year, meaning that DLO is performing better in terms of year-to-date returns. Paymentus is also part of the same industry.
Going forward, investors interested in Business Services stocks should continue to pay close attention to DLocal and Paymentus as they could maintain their solid performance.
View the Zacks #1 Rank List
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Is DLocal Limited (DLO) Stock Outpacing Its Business Services Peers This Year?
The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has DLocal (DLO - 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.
DLocal is a member of the Business Services sector. This group includes 248 individual stocks and currently holds a Zacks Sector Rank of #11. 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 proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. DLocal is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for DLO's full-year earnings has moved 0.8% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, DLO has gained about 2.2% so far this year. Meanwhile, stocks in the Business Services group have lost about 11.2% on average. As we can see, DLocal is performing better than its sector in the calendar year.
One other Business Services stock that has outperformed the sector so far this year is Paymentus (PAY - Free Report) . The stock is up 14% year-to-date.
In Paymentus' case, the consensus EPS estimate for the current year increased 13.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, DLocal belongs to the Financial Transaction Services industry, which includes 37 individual stocks and currently sits at #186 in the Zacks Industry Rank. On average, this group has lost an average of 10.2% so far this year, meaning that DLO is performing better in terms of year-to-date returns. Paymentus is also part of the same industry.
Going forward, investors interested in Business Services stocks should continue to pay close attention to DLocal and Paymentus as they could maintain their solid performance.