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Is LATAM Airlines Group (LTM) Stock Outpacing Its Transportation Peers This Year?
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Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Has LATAM (LTM - 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.
LATAM is a member of the Transportation sector. This group includes 122 individual stocks and currently holds a Zacks Sector Rank of #15. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. LATAM is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for LTM's full-year earnings has moved 13.4% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that LTM has returned about 62.2% since the start of the calendar year. In comparison, Transportation companies have returned an average of -5.4%. As we can see, LATAM is performing better than its sector in the calendar year.
One other Transportation stock that has outperformed the sector so far this year is Freightcar America (RAIL - Free Report) . The stock is up 9.3% year-to-date.
The consensus estimate for Freightcar America's current year EPS has increased 26.6% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, LATAM is a member of the Transportation - Airline industry, which includes 26 individual companies and currently sits at #151 in the Zacks Industry Rank. On average, stocks in this group have gained 7.2% this year, meaning that LTM is performing better in terms of year-to-date returns.
In contrast, Freightcar America falls under the Transportation - Equipment and Leasing industry. Currently, this industry has 10 stocks and is ranked #62. Since the beginning of the year, the industry has moved +8%.
Investors interested in the Transportation sector may want to keep a close eye on LATAM and Freightcar America as they attempt to continue their solid performance.
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Is LATAM Airlines Group (LTM) Stock Outpacing Its Transportation Peers This Year?
Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Has LATAM (LTM - 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.
LATAM is a member of the Transportation sector. This group includes 122 individual stocks and currently holds a Zacks Sector Rank of #15. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. LATAM is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for LTM's full-year earnings has moved 13.4% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that LTM has returned about 62.2% since the start of the calendar year. In comparison, Transportation companies have returned an average of -5.4%. As we can see, LATAM is performing better than its sector in the calendar year.
One other Transportation stock that has outperformed the sector so far this year is Freightcar America (RAIL - Free Report) . The stock is up 9.3% year-to-date.
The consensus estimate for Freightcar America's current year EPS has increased 26.6% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, LATAM is a member of the Transportation - Airline industry, which includes 26 individual companies and currently sits at #151 in the Zacks Industry Rank. On average, stocks in this group have gained 7.2% this year, meaning that LTM is performing better in terms of year-to-date returns.
In contrast, Freightcar America falls under the Transportation - Equipment and Leasing industry. Currently, this industry has 10 stocks and is ranked #62. Since the beginning of the year, the industry has moved +8%.
Investors interested in the Transportation sector may want to keep a close eye on LATAM and Freightcar America as they attempt to continue their solid performance.