Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Is Atlas Air Worldwide Holdings one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Transportation peers, we might be able to answer that question.
Atlas Air Worldwide Holdings is one of 144 companies in the Transportation group. The Transportation group currently sits at #3 within the Zacks Sector Rank. 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. AAWW is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for AAWW's full-year earnings has moved 11.29% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that AAWW has returned about 17.82% since the start of the calendar year. Meanwhile, the Transportation sector has returned an average of -3.12% on a year-to-date basis. This means that Atlas Air Worldwide Holdings is outperforming the sector as a whole this year.
Breaking things down more, AAWW is a member of the Transportation - Air Freight and Cargo industry, which includes 6 individual companies and currently sits at #14 in the Zacks Industry Rank. On average, this group has lost an average of 5.72% so far this year, meaning that AAWW is performing better in terms of year-to-date returns.
Going forward, investors interested in Transportation stocks should continue to pay close attention to AAWW as it looks to continue its solid performance.
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Is Atlas Air Worldwide Holdings (AAWW) Outperforming Other Transportation Stocks This Year?
Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Is Atlas Air Worldwide Holdings one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Transportation peers, we might be able to answer that question.
Atlas Air Worldwide Holdings is one of 144 companies in the Transportation group. The Transportation group currently sits at #3 within the Zacks Sector Rank. 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. AAWW is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for AAWW's full-year earnings has moved 11.29% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that AAWW has returned about 17.82% since the start of the calendar year. Meanwhile, the Transportation sector has returned an average of -3.12% on a year-to-date basis. This means that Atlas Air Worldwide Holdings is outperforming the sector as a whole this year.
Breaking things down more, AAWW is a member of the Transportation - Air Freight and Cargo industry, which includes 6 individual companies and currently sits at #14 in the Zacks Industry Rank. On average, this group has lost an average of 5.72% so far this year, meaning that AAWW is performing better in terms of year-to-date returns.
Going forward, investors interested in Transportation stocks should continue to pay close attention to AAWW as it looks to continue its solid performance.