We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is Euroseas (ESEA) Outperforming Other Transportation Stocks This Year?
Read MoreHide Full Article
Investors focused on the Transportation space have likely heard of Euroseas (ESEA - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of ESEA and the rest of the Transportation group's stocks.
Euroseas is one of 141 companies in the Transportation group. The Transportation group currently sits at #4 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. ESEA is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for ESEA's full-year earnings has moved 31.99% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that ESEA has returned about 530.39% since the start of the calendar year. Meanwhile, the Transportation sector has returned an average of 4.08% on a year-to-date basis. This shows that Euroseas is outperforming its peers so far this year.
Looking more specifically, ESEA belongs to the Transportation - Shipping industry, which includes 44 individual stocks and currently sits at #57 in the Zacks Industry Rank. On average, stocks in this group have gained 65.86% this year, meaning that ESEA is performing better in terms of year-to-date returns.
Investors in the Transportation sector will want to keep a close eye on ESEA as it attempts to continue its solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Euroseas (ESEA) Outperforming Other Transportation Stocks This Year?
Investors focused on the Transportation space have likely heard of Euroseas (ESEA - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of ESEA and the rest of the Transportation group's stocks.
Euroseas is one of 141 companies in the Transportation group. The Transportation group currently sits at #4 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. ESEA is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for ESEA's full-year earnings has moved 31.99% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that ESEA has returned about 530.39% since the start of the calendar year. Meanwhile, the Transportation sector has returned an average of 4.08% on a year-to-date basis. This shows that Euroseas is outperforming its peers so far this year.
Looking more specifically, ESEA belongs to the Transportation - Shipping industry, which includes 44 individual stocks and currently sits at #57 in the Zacks Industry Rank. On average, stocks in this group have gained 65.86% this year, meaning that ESEA is performing better in terms of year-to-date returns.
Investors in the Transportation sector will want to keep a close eye on ESEA as it attempts to continue its solid performance.