For those looking for strong business services stocks, it would be wise to look for companies in the group that are outperforming their peers. Is Corpay (CPAY) one of those stocks right now? A quick look at the company’s performance this year compared to the rest of the business services industry should help us answer this question.

Corpay is a member of our Business Services group, which includes 312 different companies and currently sits at #5 in the Zacks Sector Rank. The Zacks Sector Rank measures 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 prospects. Corpay currently has a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for CPAY’s full-year earnings moved 0.1% higher over the past quarter. This is a sign of improving analyst sentiment and a positive trend in the earnings outlook.

Based on the most recent data, CPAY has returned 18.9% so far this year. Meanwhile, shares in the Business Services group are up an average of about 14.9%. This shows that Corpay is performing better than its peers so far this year.

Another business services stock that has outperformed the sector so far this year is ICF International (ICFI). The stock has returned 25.3% this year.

In the case of ICF International, the consensus EPS estimate for the current year has risen 4.1% over the past three months. The stock currently carries a Zacks Rank #2 (Buy).

To break things down even further, Corpay is a member of the Financial Transaction Services industry, which includes 43 individual companies and currently sits at #96 in the Zacks Industry Rank. Stocks in this group are up about 10.5% so far this year, so CPAY is outperforming this group in terms of returns this year.

ICF International, on the other hand, falls under the Government Services sector. Currently, this sector has 3 stocks and is ranked #2. Since the beginning of the year, the sector is up +20.6%.

Investors with an interest in business services stocks should continue to monitor Corpay and ICF International. These stocks will look to continue their solid performance.

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Corpay, Inc. (CPAY): Free Stock Analysis Report

ICF International, Inc. (ICFI): Free stock analysis report

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