Investors focused on the Transportation space have likely heard of XPO Logistics (XPO - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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.
XPO Logistics is one of 140 companies in the Transportation group. The Transportation group currently sits at #11 within the Zacks Sector Rank. 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 is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. XPO is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for XPO's full-year earnings has moved 44.60% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, XPO has returned 4.08% so far this year. Meanwhile, stocks in the Transportation group have gained about 10.96% on average. This means that XPO Logistics is performing better than its sector in terms of year-to-date returns.
Looking more specifically, XPO belongs to the Transportation - Services industry, a group that includes 29 individual stocks and currently sits at #150 in the Zacks Industry Rank. On average, stocks in this group have gained 8.69% this year, meaning that XPO is slightly underperforming its industry in terms of year-to-date returns.
XPO will likely be looking to continue its solid performance, so investors interested in Transportation stocks should continue to pay close attention to the company.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Investors focused on the Transportation space have likely heard of XPO Logistics (XPO - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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.
XPO Logistics is one of 140 companies in the Transportation group. The Transportation group currently sits at #11 within the Zacks Sector Rank. 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 is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. XPO is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for XPO's full-year earnings has moved 44.60% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, XPO has returned 4.08% so far this year. Meanwhile, stocks in the Transportation group have gained about 10.96% on average. This means that XPO Logistics is performing better than its sector in terms of year-to-date returns.
Looking more specifically, XPO belongs to the Transportation - Services industry, a group that includes 29 individual stocks and currently sits at #150 in the Zacks Industry Rank. On average, stocks in this group have gained 8.69% this year, meaning that XPO is slightly underperforming its industry in terms of year-to-date returns.
XPO will likely be looking to continue its solid performance, so investors interested in Transportation stocks should continue to pay close attention to the company.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on XPO - FREE