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? 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.
Visa is a member of the Business Services sector. This group includes 190 individual stocks and currently holds a Zacks Sector Rank of #5. 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 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. V is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for V's full-year earnings has moved 0.89% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, V has gained about 24.96% so far this year. Meanwhile, stocks in the Business Services group have gained about 24.51% on average. This means that Visa is performing better than its sector in terms of year-to-date returns.
Looking more specifically, V belongs to the Financial Transaction Services industry, which includes 23 individual stocks and currently sits at #47 in the Zacks Industry Rank. On average, this group has gained an average of 29.34% so far this year, meaning that V is slightly underperforming its industry in terms of year-to-date returns.
V 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.