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Is NTT Inc. - Sponsored ADR (NTTYY) 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. Is NTT (NTTYY - 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.
NTT is a member of our Business Services group, which includes 241 different companies and currently sits at #9 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 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. NTT is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for NTTYY's full-year earnings has moved 9.1% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, NTTYY has moved about 2.3% on a year-to-date basis. In comparison, Business Services companies have returned an average of -7%. As we can see, NTT 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 8% year-to-date.
The consensus estimate for Paymentus' current year EPS has increased 1.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, NTT belongs to the Technology Services industry, which includes 122 individual stocks and currently sits at #138 in the Zacks Industry Rank. On average, stocks in this group have lost 19.1% this year, meaning that NTTYY is performing better in terms of year-to-date returns.
On the other hand, Paymentus belongs to the Financial Transaction Services industry. This 36-stock industry is currently ranked #154. The industry has moved +0.2% year to date.
NTT and Paymentus could continue their solid performance, so investors interested in Business Services stocks should continue to pay close attention to these stocks.
View the Zacks #1 Rank List
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Is NTT Inc. - Sponsored ADR (NTTYY) 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. Is NTT (NTTYY - 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.
NTT is a member of our Business Services group, which includes 241 different companies and currently sits at #9 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 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. NTT is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for NTTYY's full-year earnings has moved 9.1% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, NTTYY has moved about 2.3% on a year-to-date basis. In comparison, Business Services companies have returned an average of -7%. As we can see, NTT 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 8% year-to-date.
The consensus estimate for Paymentus' current year EPS has increased 1.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, NTT belongs to the Technology Services industry, which includes 122 individual stocks and currently sits at #138 in the Zacks Industry Rank. On average, stocks in this group have lost 19.1% this year, meaning that NTTYY is performing better in terms of year-to-date returns.
On the other hand, Paymentus belongs to the Financial Transaction Services industry. This 36-stock industry is currently ranked #154. The industry has moved +0.2% year to date.
NTT and Paymentus could continue their solid performance, so investors interested in Business Services stocks should continue to pay close attention to these stocks.