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Is C.H. Robinson Worldwide (CHRW) 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. C.H. Robinson Worldwide (CHRW - 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.
C.H. Robinson Worldwide is one of 101 companies in the Transportation group. The Transportation group currently sits at #7 within 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 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. C.H. Robinson Worldwide is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CHRW's full-year earnings has moved 0.7% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, CHRW has moved about 5.1% on a year-to-date basis. Meanwhile, the Transportation sector has returned an average of 3.4% on a year-to-date basis. This means that C.H. Robinson Worldwide is outperforming the sector as a whole this year.
Another stock in the Transportation sector, International Seaways (INSW - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 56%.
Over the past three months, International Seaways' consensus EPS estimate for the current year has increased 74.8%. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, C.H. Robinson Worldwide belongs to the Transportation - Services industry, which includes 19 individual stocks and currently sits at #100 in the Zacks Industry Rank.
On the other hand, International Seaways belongs to the Transportation - Shipping industry. This 22-stock industry is currently ranked #66.
Going forward, investors interested in Transportation stocks should continue to pay close attention to C.H. Robinson Worldwide and International Seaways as they could maintain their solid performance.
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Is C.H. Robinson Worldwide (CHRW) 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. C.H. Robinson Worldwide (CHRW - 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.
C.H. Robinson Worldwide is one of 101 companies in the Transportation group. The Transportation group currently sits at #7 within 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 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. C.H. Robinson Worldwide is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CHRW's full-year earnings has moved 0.7% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, CHRW has moved about 5.1% on a year-to-date basis. Meanwhile, the Transportation sector has returned an average of 3.4% on a year-to-date basis. This means that C.H. Robinson Worldwide is outperforming the sector as a whole this year.
Another stock in the Transportation sector, International Seaways (INSW - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 56%.
Over the past three months, International Seaways' consensus EPS estimate for the current year has increased 74.8%. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, C.H. Robinson Worldwide belongs to the Transportation - Services industry, which includes 19 individual stocks and currently sits at #100 in the Zacks Industry Rank.
On the other hand, International Seaways belongs to the Transportation - Shipping industry. This 22-stock industry is currently ranked #66.
Going forward, investors interested in Transportation stocks should continue to pay close attention to C.H. Robinson Worldwide and International Seaways as they could maintain their solid performance.