Investors focused on the Business Services space have likely heard of Cardtronics (CATM - 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.
Cardtronics is one of 196 companies in the Business Services group. The Business Services group currently sits at #3 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. CATM is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for CATM's full-year earnings has moved 13.13% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, CATM has moved about 36.77% on a year-to-date basis. Meanwhile, the Business Services sector has returned an average of -0.13% on a year-to-date basis. This shows that Cardtronics is outperforming its peers so far this year.
To break things down more, CATM belongs to the Financial Transaction Services industry, a group that includes 24 individual companies and currently sits at #33 in the Zacks Industry Rank. On average, stocks in this group have gained 8.03% this year, meaning that CATM is performing better in terms of year-to-date returns.
CATM will likely be looking to continue its solid performance, so investors interested in Business Services stocks should continue to pay close attention to the company.