Investors focused on the Transportation space have likely heard of Echo Global Logistics , 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.
Echo Global Logistics is a member of the Transportation sector. This group includes 137 individual stocks and currently holds a Zacks Sector Rank of #4. 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. ECHO is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ECHO's full-year earnings has moved 8.26% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, ECHO has moved about 14.28% on a year-to-date basis. In comparison, Transportation companies have returned an average of 7.36%. This means that Echo Global Logistics is outperforming the sector as a whole this year.
Looking more specifically, ECHO belongs to the Transportation - Services industry, a group that includes 28 individual stocks and currently sits at #61 in the Zacks Industry Rank. On average, stocks in this group have gained 17.40% this year, meaning that ECHO is slightly underperforming its industry in terms of year-to-date returns.
ECHO will likely be looking to continue its solid performance, so investors interested in Transportation stocks should continue to pay close attention to the company.
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Is Echo Global Logistics (ECHO) Outperforming Other Transportation Stocks This Year?
Investors focused on the Transportation space have likely heard of Echo Global Logistics , 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.
Echo Global Logistics is a member of the Transportation sector. This group includes 137 individual stocks and currently holds a Zacks Sector Rank of #4. 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. ECHO is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ECHO's full-year earnings has moved 8.26% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, ECHO has moved about 14.28% on a year-to-date basis. In comparison, Transportation companies have returned an average of 7.36%. This means that Echo Global Logistics is outperforming the sector as a whole this year.
Looking more specifically, ECHO belongs to the Transportation - Services industry, a group that includes 28 individual stocks and currently sits at #61 in the Zacks Industry Rank. On average, stocks in this group have gained 17.40% this year, meaning that ECHO is slightly underperforming its industry in terms of year-to-date returns.
ECHO will likely be looking to continue its solid performance, so investors interested in Transportation stocks should continue to pay close attention to the company.