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Are Transportation Stocks Lagging Air Lease (AL) This Year?
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The Transportation group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Air Lease (AL - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Air Lease is a member of the Transportation sector. This group includes 133 individual stocks and currently holds a Zacks Sector Rank of #16. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. Air Lease is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for AL's full-year earnings has moved 15.3% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that AL has returned about 19.6% since the start of the calendar year. Meanwhile, the Transportation sector has returned an average of 3.2% on a year-to-date basis. This shows that Air Lease is outperforming its peers so far this year.
Another Transportation stock, which has outperformed the sector so far this year, is Dynagas LNG (DLNG - Free Report) . The stock has returned 4.3% year-to-date.
Over the past three months, Dynagas LNG's consensus EPS estimate for the current year has increased 1.7%. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Air Lease is a member of the Transportation - Equipment and Leasing industry, which includes 9 individual companies and currently sits at #96 in the Zacks Industry Rank. On average, this group has gained an average of 12.3% so far this year, meaning that AL is performing better in terms of year-to-date returns.
Dynagas LNG, however, belongs to the Transportation - Services industry. Currently, this 26-stock industry is ranked #237. The industry has moved -3.1% so far this year.
Air Lease and Dynagas LNG could continue their solid performance, so investors interested in Transportation stocks should continue to pay close attention to these stocks.
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Are Transportation Stocks Lagging Air Lease (AL) This Year?
The Transportation group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Air Lease (AL - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Air Lease is a member of the Transportation sector. This group includes 133 individual stocks and currently holds a Zacks Sector Rank of #16. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. Air Lease is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for AL's full-year earnings has moved 15.3% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that AL has returned about 19.6% since the start of the calendar year. Meanwhile, the Transportation sector has returned an average of 3.2% on a year-to-date basis. This shows that Air Lease is outperforming its peers so far this year.
Another Transportation stock, which has outperformed the sector so far this year, is Dynagas LNG (DLNG - Free Report) . The stock has returned 4.3% year-to-date.
Over the past three months, Dynagas LNG's consensus EPS estimate for the current year has increased 1.7%. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Air Lease is a member of the Transportation - Equipment and Leasing industry, which includes 9 individual companies and currently sits at #96 in the Zacks Industry Rank. On average, this group has gained an average of 12.3% so far this year, meaning that AL is performing better in terms of year-to-date returns.
Dynagas LNG, however, belongs to the Transportation - Services industry. Currently, this 26-stock industry is ranked #237. The industry has moved -3.1% so far this year.
Air Lease and Dynagas LNG could continue their solid performance, so investors interested in Transportation stocks should continue to pay close attention to these stocks.