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Is Global Ship Lease (GSL) Stock Outpacing Its Transportation Peers 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 Global Ship Lease (GSL - Free Report) been one of those stocks this year? 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.
Global Ship Lease is a member of our Transportation group, which includes 122 different companies and currently sits at #16 in the Zacks Sector Rank. 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 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. Global Ship Lease is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for GSL's full-year earnings has moved 6.6% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, GSL has gained about 44.4% so far this year. Meanwhile, stocks in the Transportation group have lost about 4.6% on average. As we can see, Global Ship Lease is performing better than its sector in the calendar year.
Teekay Tankers (TNK - 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 53.3%.
For Teekay Tankers, the consensus EPS estimate for the current year has increased 8.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Global Ship Lease is a member of the Transportation - Shipping industry, which includes 39 individual companies and currently sits at #42 in the Zacks Industry Rank. Stocks in this group have gained about 10% so far this year, so GSL is performing better this group in terms of year-to-date returns. Teekay Tankers is also part of the same industry.
Going forward, investors interested in Transportation stocks should continue to pay close attention to Global Ship Lease and Teekay Tankers as they could maintain their solid performance.
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Is Global Ship Lease (GSL) Stock Outpacing Its Transportation Peers This Year?
The Transportation group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Global Ship Lease (GSL - Free Report) been one of those stocks this year? 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.
Global Ship Lease is a member of our Transportation group, which includes 122 different companies and currently sits at #16 in the Zacks Sector Rank. 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 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. Global Ship Lease is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for GSL's full-year earnings has moved 6.6% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, GSL has gained about 44.4% so far this year. Meanwhile, stocks in the Transportation group have lost about 4.6% on average. As we can see, Global Ship Lease is performing better than its sector in the calendar year.
Teekay Tankers (TNK - 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 53.3%.
For Teekay Tankers, the consensus EPS estimate for the current year has increased 8.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Global Ship Lease is a member of the Transportation - Shipping industry, which includes 39 individual companies and currently sits at #42 in the Zacks Industry Rank. Stocks in this group have gained about 10% so far this year, so GSL is performing better this group in terms of year-to-date returns. Teekay Tankers is also part of the same industry.
Going forward, investors interested in Transportation stocks should continue to pay close attention to Global Ship Lease and Teekay Tankers as they could maintain their solid performance.