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 one of 191 individual stocks in the Business Services sector. Collectively, these companies sit at #7 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track 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 1.11% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, V has moved about 29.47% on a year-to-date basis. Meanwhile, stocks in the Business Services group have gained about 28.54% 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 #38 in the Zacks Industry Rank. Stocks in this group have gained about 35.16% so far this year, so V is slightly underperforming its industry this group in terms of year-to-date returns.
Investors with an interest in Business Services stocks should continue to track V. The stock will be looking to continue its solid performance.