The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is CPI Card Group (PMTS - Free Report) one of those stocks right now? 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.
CPI Card Group is one of 162 companies in the Business Services group. The Business Services group currently sits at #4 within 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. PMTS is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for PMTS's full-year earnings has moved 71.55% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, PMTS has moved about 7.63% on a year-to-date basis. Meanwhile, stocks in the Business Services group have gained about 19.87% on average. This means that CPI Card Group is outperforming the sector as a whole this year.
To break things down more, PMTS belongs to the Technology Services industry, a group that includes 20 individual companies and currently sits at #162 in the Zacks Industry Rank. Stocks in this group have gained about 24.34% so far this year, so PMTS is slightly underperforming its industry this group in terms of year-to-date returns.
Going forward, investors interested in Business Services stocks should continue to pay close attention to PMTS as it looks to continue its solid performance.