The Transportation group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Atlas Air Worldwide Holdings 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? 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.
Atlas Air Worldwide Holdings is a member of the Transportation sector. This group includes 144 individual stocks and currently holds a Zacks Sector Rank of #10. 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 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 three months, the Zacks Consensus Estimate for AAWW's full-year earnings has moved 12.24% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, AAWW has gained about 3.67% so far this year. In comparison, Transportation companies have returned an average of 2.38%. As we can see, Atlas Air Worldwide Holdings is performing better than its sector in the calendar year.
To break things down more, AAWW belongs to the Transportation - Air Freight and Cargo industry, a group that includes 6 individual companies and currently sits at #190 in the Zacks Industry Rank. On average, this group has gained an average of 2.34% 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?
The Transportation group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Atlas Air Worldwide Holdings 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? 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.
Atlas Air Worldwide Holdings is a member of the Transportation sector. This group includes 144 individual stocks and currently holds a Zacks Sector Rank of #10. 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 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 three months, the Zacks Consensus Estimate for AAWW's full-year earnings has moved 12.24% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, AAWW has gained about 3.67% so far this year. In comparison, Transportation companies have returned an average of 2.38%. As we can see, Atlas Air Worldwide Holdings is performing better than its sector in the calendar year.
To break things down more, AAWW belongs to the Transportation - Air Freight and Cargo industry, a group that includes 6 individual companies and currently sits at #190 in the Zacks Industry Rank. On average, this group has gained an average of 2.34% 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.