Investors focused on the Business Services space have likely heard of Mastercard (MA - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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.
Mastercard is a member of the Business Services sector. This group includes 166 individual stocks and currently holds a Zacks Sector Rank of #6. 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. MA is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for MA's full-year earnings has moved 6.46% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, MA has returned 33.11% so far this year. At the same time, Business Services stocks have gained an average of 14.50%. This means that Mastercard is performing better than its sector in terms of year-to-date returns.
Breaking things down more, MA is a member of the Financial Transaction Services industry, which includes 24 individual companies and currently sits at #42 in the Zacks Industry Rank. This group has gained an average of 19.54% so far this year, so MA is performing better in this area.
MA will likely be looking to continue its solid performance, so investors interested Business Services stocks should continue to pay close attention to the company.