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Is Costamare (CMRE) Stock Outpacing Its Transportation Peers This Year?

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For those looking to find strong Transportation stocks, it is prudent to search for companies in the group that are outperforming their peers. Costamare (CMRE - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.

Costamare is a member of the Transportation sector. This group includes 132 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 is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Costamare is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for CMRE's full-year earnings has moved 11.8% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

According to our latest data, CMRE has moved about 53.8% on a year-to-date basis. In comparison, Transportation companies have returned an average of -2%. As we can see, Costamare is performing better than its sector in the calendar year. (DESP - Free Report) is another Transportation stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 59.6%.

In's case, the consensus EPS estimate for the current year increased 24.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

To break things down more, Costamare belongs to the Transportation - Shipping industry, a group that includes 38 individual companies and currently sits at #162 in the Zacks Industry Rank. Stocks in this group have gained about 24% so far this year, so CMRE is performing better this group in terms of year-to-date returns., however, belongs to the Transportation - Services industry. Currently, this 26-stock industry is ranked #215. The industry has moved -6.7% so far this year.

Investors with an interest in Transportation stocks should continue to track Costamare and These stocks will be looking to continue their solid performance.

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