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Is Norfolk Southern (NSC) Stock Outpacing Its Transportation Peers This Year?
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Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Has Norfolk Southern (NSC - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Transportation sector should help us answer this question.
Norfolk Southern is one of 144 individual stocks in the Transportation sector. Collectively, these companies sit at #14 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. NSC is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for NSC's full-year earnings has moved 6.41% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, NSC has moved about 20.68% on a year-to-date basis. At the same time, Transportation stocks have gained an average of 2.83%. This shows that Norfolk Southern is outperforming its peers so far this year.
Looking more specifically, NSC belongs to the Transportation - Rail industry, which includes 10 individual stocks and currently sits at #47 in the Zacks Industry Rank. Stocks in this group have gained about 15.90% so far this year, so NSC is performing better this group in terms of year-to-date returns.
Investors in the Transportation sector will want to keep a close eye on NSC as it attempts to continue its solid performance.
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Is Norfolk Southern (NSC) Stock Outpacing Its Transportation Peers This Year?
Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Has Norfolk Southern (NSC - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Transportation sector should help us answer this question.
Norfolk Southern is one of 144 individual stocks in the Transportation sector. Collectively, these companies sit at #14 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. NSC is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for NSC's full-year earnings has moved 6.41% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, NSC has moved about 20.68% on a year-to-date basis. At the same time, Transportation stocks have gained an average of 2.83%. This shows that Norfolk Southern is outperforming its peers so far this year.
Looking more specifically, NSC belongs to the Transportation - Rail industry, which includes 10 individual stocks and currently sits at #47 in the Zacks Industry Rank. Stocks in this group have gained about 15.90% so far this year, so NSC is performing better this group in terms of year-to-date returns.
Investors in the Transportation sector will want to keep a close eye on NSC as it attempts to continue its solid performance.