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Is CSX (CSX) Outperforming Other Transportation Stocks 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 one of 152 individual stocks in the Transportation sector. Collectively, these companies sit at #16 in the Zacks Sector Rank. 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 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 #2 (Buy).

The Zacks Consensus Estimate for CSX's full-year earnings has moved 2.27% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the most recent data, CSX has returned 27.10% so far this year. Meanwhile, the Transportation sector has returned an average of 18.61% on a year-to-date basis. This shows that CSX is outperforming its peers so far this year.

To break things down more, CSX belongs to the Transportation - Rail industry, a group that includes 10 individual companies and currently sits at #176 in the Zacks Industry Rank. On average, stocks in this group have gained 27.40% this year, meaning that CSX is slightly underperforming its industry in terms of year-to-date returns.

Investors with an interest in Transportation stocks should continue to track CSX. The stock will be looking to continue its solid performance.


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