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Is Euroseas (ESEA) 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. 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 121 individual stocks in the Transportation sector. Collectively, these companies sit at #8 in the Zacks Sector Rank. 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 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. Euroseas Ltd. is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for ESEA's full-year earnings has moved 10.8% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, ESEA has moved about 71.2% on a year-to-date basis. In comparison, Transportation companies have returned an average of -4.8%. This shows that Euroseas Ltd. is outperforming its peers so far this year.
Another stock in the Transportation sector, Global Ship Lease (GSL - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 46%.
In Global Ship Lease's case, the consensus EPS estimate for the current year increased 2.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Euroseas Ltd. belongs to the Transportation - Shipping industry, which includes 37 individual stocks and currently sits at #61 in the Zacks Industry Rank. Stocks in this group have gained about 6.6% so far this year, so ESEA is performing better this group in terms of year-to-date returns. Global Ship Lease is also part of the same industry.
Going forward, investors interested in Transportation stocks should continue to pay close attention to Euroseas Ltd. and Global Ship Lease as they could maintain their solid performance.
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Is Euroseas (ESEA) Stock Outpacing Its Transportation Peers This Year?
For those looking to find strong Transportation stocks, it is prudent to search for companies in the group that are outperforming their peers. 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 121 individual stocks in the Transportation sector. Collectively, these companies sit at #8 in the Zacks Sector Rank. 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 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. Euroseas Ltd. is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for ESEA's full-year earnings has moved 10.8% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, ESEA has moved about 71.2% on a year-to-date basis. In comparison, Transportation companies have returned an average of -4.8%. This shows that Euroseas Ltd. is outperforming its peers so far this year.
Another stock in the Transportation sector, Global Ship Lease (GSL - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 46%.
In Global Ship Lease's case, the consensus EPS estimate for the current year increased 2.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Euroseas Ltd. belongs to the Transportation - Shipping industry, which includes 37 individual stocks and currently sits at #61 in the Zacks Industry Rank. Stocks in this group have gained about 6.6% so far this year, so ESEA is performing better this group in terms of year-to-date returns. Global Ship Lease is also part of the same industry.
Going forward, investors interested in Transportation stocks should continue to pay close attention to Euroseas Ltd. and Global Ship Lease as they could maintain their solid performance.