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Is Global Payments (GPN) Stock Outpacing Its Business Services Peers This Year?
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Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Global Payments (GPN - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of GPN and the rest of the Business Services group's stocks.
Global Payments is a member of the Business Services sector. This group includes 191 individual stocks and currently holds a Zacks Sector Rank of #4. 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. GPN is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for GPN's full-year earnings has moved 1.61% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, GPN has returned 53.99% so far this year. In comparison, Business Services companies have returned an average of 27.98%. This shows that Global Payments is outperforming its peers so far this year.
Looking more specifically, GPN belongs to the Financial Transaction Services industry, which includes 23 individual stocks and currently sits at #38 in the Zacks Industry Rank. This group has gained an average of 33.75% so far this year, so GPN is performing better in this area.
Going forward, investors interested in Business Services stocks should continue to pay close attention to GPN as it looks to continue its solid performance.
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Is Global Payments (GPN) Stock Outpacing Its Business Services Peers This Year?
Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Global Payments (GPN - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of GPN and the rest of the Business Services group's stocks.
Global Payments is a member of the Business Services sector. This group includes 191 individual stocks and currently holds a Zacks Sector Rank of #4. 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. GPN is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for GPN's full-year earnings has moved 1.61% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, GPN has returned 53.99% so far this year. In comparison, Business Services companies have returned an average of 27.98%. This shows that Global Payments is outperforming its peers so far this year.
Looking more specifically, GPN belongs to the Financial Transaction Services industry, which includes 23 individual stocks and currently sits at #38 in the Zacks Industry Rank. This group has gained an average of 33.75% so far this year, so GPN is performing better in this area.
Going forward, investors interested in Business Services stocks should continue to pay close attention to GPN as it looks to continue its solid performance.