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Is CSX (CSX) Stock Outpacing Its Transportation Peers This Year?

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Investors focused on the Transportation space have likely heard of CSX (CSX - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

CSX is a member of the Transportation sector. This group includes 153 individual stocks and currently holds a Zacks Sector Rank of #9. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

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. CSX is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for CSX's full-year earnings has moved 6.37% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Our latest available data shows that CSX has returned about 27.76% since the start of the calendar year. Meanwhile, stocks in the Transportation group have lost about 4.22% on average. This means that CSX is outperforming the sector as a whole this year.

Breaking things down more, CSX is a member of the Transportation - Rail industry, which includes 10 individual companies and currently sits at #17 in the Zacks Industry Rank. On average, stocks in this group have gained 12.21% this year, meaning that CSX is performing better in terms of year-to-date returns.

Investors in the Transportation sector will want to keep a close eye on CSX as it attempts to continue its solid performance.


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