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Are Transportation Stocks Lagging TEEKAY TANK LTD (TNK) This Year?
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Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Teekay Tankers (TNK - 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.
Teekay Tankers is a member of the Transportation sector. This group includes 99 individual stocks and currently holds a Zacks Sector Rank of #4. 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 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. Teekay Tankers is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for TNK's full-year earnings has moved 88.4% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that TNK has returned about 35.2% since the start of the calendar year. Meanwhile, stocks in the Transportation group have gained about 12.1% on average. As we can see, Teekay Tankers is performing better than its sector in the calendar year.
Another stock in the Transportation sector, Westinghouse Air Brake Technologies (WAB - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 22%.
The consensus estimate for Westinghouse Air Brake Technologies' current year EPS has increased 2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Teekay Tankers belongs to the Transportation - Shipping industry, a group that includes 22 individual companies and currently sits at #41 in the Zacks Industry Rank. On average, stocks in this group have gained 37.9% this year, meaning that TNK is slightly underperforming its industry in terms of year-to-date returns.
In contrast, Westinghouse Air Brake Technologies falls under the Transportation - Equipment and Leasing industry. Currently, this industry has 9 stocks and is ranked #109. Since the beginning of the year, the industry has moved +8.6%.
Teekay Tankers and Westinghouse Air Brake Technologies could continue their solid performance, so investors interested in Transportation stocks should continue to pay close attention to these stocks.
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Are Transportation Stocks Lagging TEEKAY TANK LTD (TNK) This Year?
Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Teekay Tankers (TNK - 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.
Teekay Tankers is a member of the Transportation sector. This group includes 99 individual stocks and currently holds a Zacks Sector Rank of #4. 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 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. Teekay Tankers is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for TNK's full-year earnings has moved 88.4% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that TNK has returned about 35.2% since the start of the calendar year. Meanwhile, stocks in the Transportation group have gained about 12.1% on average. As we can see, Teekay Tankers is performing better than its sector in the calendar year.
Another stock in the Transportation sector, Westinghouse Air Brake Technologies (WAB - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 22%.
The consensus estimate for Westinghouse Air Brake Technologies' current year EPS has increased 2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Teekay Tankers belongs to the Transportation - Shipping industry, a group that includes 22 individual companies and currently sits at #41 in the Zacks Industry Rank. On average, stocks in this group have gained 37.9% this year, meaning that TNK is slightly underperforming its industry in terms of year-to-date returns.
In contrast, Westinghouse Air Brake Technologies falls under the Transportation - Equipment and Leasing industry. Currently, this industry has 9 stocks and is ranked #109. Since the beginning of the year, the industry has moved +8.6%.
Teekay Tankers and Westinghouse Air Brake Technologies could continue their solid performance, so investors interested in Transportation stocks should continue to pay close attention to these stocks.