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Zacks Industry Outlook Highlights: CBIZ, CoreLogic, CRA International, Visa and Mastercard

Zacks Equity Research


For Immediate Release

Chicago, IL – December 3, 2012 – Today, Zacks Equity Research discusses the U.S. Machinery, including CBIZ (:CBIZ), CoreLogic (:CLGC), CRA International (CRAI), Visa (V) and Mastercard (MA).


Industry: Business Services




The earnings picture for the Business Services group is better than broader market. In the just-completed third quarter reporting season, total earnings for the sector were up 5.9% from the same period last year, which compares to no growth for the S&P 500. Total revenues for the sector were up 0.6% in the quarter, compared to the 0.7% decline for the S&P 500 as well.

In terms of surprises, the sector’s performance was weaker than the broader market, with only 57.9% of Business Services companies beating earnings expectations, compared to the ‘beat ratio’ of 62.8% for S&P 500. The variance is far more pronounced in the fourth quarter, when total earnings for the sector are expected to be up 15.3% from the same period last year, while total earnings for the S&P 500 would be up only 2.3%.

Zacks Industry Rank

The Zacks Industry Rank, which derives its predictive power from the time-tested Zacks Rank, helps us identify the industries that are expected outperform others. The top 1/3rd of the Zacks Industry Rank qualify as industries with ‘Good’ prospects, the bottom 1/3rd have ‘Bad’ prospects, and middle 1/3rd as ‘Neutral.’ Most of the constituent ‘industries’ in the business services sector fall in the top 1/3rd of the list.

For example, the Consulting industry is currently at # 33 which puts in the top 15% of the industries. Of the 18 companies in the Consulting industry, 8 have Zacks #1 Rank (Strong Buy) or Zacks #2 Rank (Buy), while only two have Zacks #5 Rank (Strong Sell) or Zacks #4 Rank (Sell). Companies like CBIZ (:CBIZ), CoreLogic (:CLGC) and CRA International (CRAI) all have Zacks #2 Rank (Buy). The Financial Transaction Services industry, with players like Visa (V) and Mastercard (MA), is currently at 54 or in the top 22% of industries.


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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit for information about the performance numbers displayed in this press release.

Read the analyst report on CBIZ

Read the analyst report on CLGC

Read the analyst report on CRAI

Read the analyst report on V

Read the analyst report on MA

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