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Are Transportation Stocks Lagging Ryder System (R) 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 Ryder (R - 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.
Ryder is one of 110 individual stocks in the Transportation sector. Collectively, these companies sit at #1 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. Ryder is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for R's full-year earnings has moved 4.1% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, R has gained about 38.7% so far this year. Meanwhile, the Transportation sector has returned an average of 15.2% on a year-to-date basis. This means that Ryder is outperforming the sector as a whole this year.
Another Transportation stock, which has outperformed the sector so far this year, is Scorpio Tankers (STNG - Free Report) . The stock has returned 52.1% year-to-date.
For Scorpio Tankers, the consensus EPS estimate for the current year has increased 172.9% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Ryder belongs to the Transportation - Equipment and Leasing industry, which includes 10 individual stocks and currently sits at #42 in the Zacks Industry Rank. This group has gained an average of 10.4% so far this year, so R is performing better in this area.
In contrast, Scorpio Tankers falls under the Transportation - Shipping industry. Currently, this industry has 28 stocks and is ranked #40. Since the beginning of the year, the industry has moved +40.6%.
Investors with an interest in Transportation stocks should continue to track Ryder and Scorpio Tankers. These stocks will be looking to continue their solid performance.
View the Zacks #1 Rank List
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Are Transportation Stocks Lagging Ryder System (R) This Year?
Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Has Ryder (R - 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.
Ryder is one of 110 individual stocks in the Transportation sector. Collectively, these companies sit at #1 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. Ryder is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for R's full-year earnings has moved 4.1% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, R has gained about 38.7% so far this year. Meanwhile, the Transportation sector has returned an average of 15.2% on a year-to-date basis. This means that Ryder is outperforming the sector as a whole this year.
Another Transportation stock, which has outperformed the sector so far this year, is Scorpio Tankers (STNG - Free Report) . The stock has returned 52.1% year-to-date.
For Scorpio Tankers, the consensus EPS estimate for the current year has increased 172.9% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Ryder belongs to the Transportation - Equipment and Leasing industry, which includes 10 individual stocks and currently sits at #42 in the Zacks Industry Rank. This group has gained an average of 10.4% so far this year, so R is performing better in this area.
In contrast, Scorpio Tankers falls under the Transportation - Shipping industry. Currently, this industry has 28 stocks and is ranked #40. Since the beginning of the year, the industry has moved +40.6%.
Investors with an interest in Transportation stocks should continue to track Ryder and Scorpio Tankers. These stocks will be looking to continue their solid performance.