Investors focused on the Business Services space have likely heard of Visa (V - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of V and the rest of the Business Services group's stocks.
Visa is one of 162 individual stocks in the Business Services sector. Collectively, these companies sit at #4 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. V is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for V's full-year earnings has moved 1.98% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, V has returned 30.77% so far this year. At the same time, Business Services stocks have gained an average of 19.87%. This shows that Visa is outperforming its peers so far this year.
To break things down more, V belongs to the Financial Transaction Services industry, a group that includes 23 individual companies and currently sits at #79 in the Zacks Industry Rank. This group has gained an average of 26.93% so far this year, so V is performing better in this area.
Investors with an interest in Business Services stocks should continue to track V. The stock will be looking to continue its solid performance.