We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
Are Transportation Stocks Lagging Euroseas (ESEA) This Year?
Read MoreHide Full Article
Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Euroseas Ltd. (ESEA - 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? A quick glance at the company's year-to-date performance in comparison to the rest of the Transportation sector should help us answer this question.
Euroseas Ltd. is one of 122 individual stocks in the Transportation sector. Collectively, these companies sit at #13 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. Euroseas Ltd. is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for ESEA's full-year earnings has moved 7.3% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, ESEA has gained about 37.9% so far this year. Meanwhile, stocks in the Transportation group have lost about 6.7% on average. This means that Euroseas Ltd. is performing better than its sector in terms of year-to-date returns.
One other Transportation stock that has outperformed the sector so far this year is Westinghouse Air Brake Technologies (WAB - Free Report) . The stock is up 1% year-to-date.
Over the past three months, Westinghouse Air Brake Technologies' consensus EPS estimate for the current year has increased 1.8%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Euroseas Ltd. belongs to the Transportation - Shipping industry, which includes 38 individual stocks and currently sits at #155 in the Zacks Industry Rank. Stocks in this group have gained about 0.7% so far this year, so ESEA is performing better this group in terms of year-to-date returns.
Westinghouse Air Brake Technologies, however, belongs to the Transportation - Equipment and Leasing industry. Currently, this 11-stock industry is ranked #58. The industry has moved +1.2% so far this year.
Investors with an interest in Transportation stocks should continue to track Euroseas Ltd. and Westinghouse Air Brake Technologies. These stocks will be looking to continue their solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Are Transportation Stocks Lagging Euroseas (ESEA) This Year?
Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Euroseas Ltd. (ESEA - 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? A quick glance at the company's year-to-date performance in comparison to the rest of the Transportation sector should help us answer this question.
Euroseas Ltd. is one of 122 individual stocks in the Transportation sector. Collectively, these companies sit at #13 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. Euroseas Ltd. is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for ESEA's full-year earnings has moved 7.3% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, ESEA has gained about 37.9% so far this year. Meanwhile, stocks in the Transportation group have lost about 6.7% on average. This means that Euroseas Ltd. is performing better than its sector in terms of year-to-date returns.
One other Transportation stock that has outperformed the sector so far this year is Westinghouse Air Brake Technologies (WAB - Free Report) . The stock is up 1% year-to-date.
Over the past three months, Westinghouse Air Brake Technologies' consensus EPS estimate for the current year has increased 1.8%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Euroseas Ltd. belongs to the Transportation - Shipping industry, which includes 38 individual stocks and currently sits at #155 in the Zacks Industry Rank. Stocks in this group have gained about 0.7% so far this year, so ESEA is performing better this group in terms of year-to-date returns.
Westinghouse Air Brake Technologies, however, belongs to the Transportation - Equipment and Leasing industry. Currently, this 11-stock industry is ranked #58. The industry has moved +1.2% so far this year.
Investors with an interest in Transportation stocks should continue to track Euroseas Ltd. and Westinghouse Air Brake Technologies. These stocks will be looking to continue their solid performance.