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Is CSX (CSX) Outperforming Other Transportation Stocks 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. Is CSX (CSX - Free Report) one of those stocks right now? 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.
CSX is a member of the Transportation sector. This group includes 110 individual stocks and currently holds a Zacks Sector Rank of #1. 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 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. CSX is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for CSX's full-year earnings has moved 4.5% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, CSX has moved about 40% on a year-to-date basis. In comparison, Transportation companies have returned an average of 19.1%. This means that CSX is performing better than its sector in terms of year-to-date returns.
Another stock in the Transportation sector, EuroDry (EDRY - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 72.3%.
In EuroDry's case, the consensus EPS estimate for the current year increased 29.9% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, CSX belongs to the Transportation - Rail industry, a group that includes 9 individual stocks and currently sits at #204 in the Zacks Industry Rank. Stocks in this group have gained about 29.7% so far this year, so CSX is performing better this group in terms of year-to-date returns.
In contrast, EuroDry falls under the Transportation - Shipping industry. Currently, this industry has 28 stocks and is ranked #44. Since the beginning of the year, the industry has moved +38.7%.
Going forward, investors interested in Transportation stocks should continue to pay close attention to CSX and EuroDry as they could maintain their solid performance.
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Is CSX (CSX) Outperforming Other Transportation Stocks This Year?
The Transportation group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is CSX (CSX - Free Report) one of those stocks right now? 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.
CSX is a member of the Transportation sector. This group includes 110 individual stocks and currently holds a Zacks Sector Rank of #1. 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 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. CSX is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for CSX's full-year earnings has moved 4.5% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, CSX has moved about 40% on a year-to-date basis. In comparison, Transportation companies have returned an average of 19.1%. This means that CSX is performing better than its sector in terms of year-to-date returns.
Another stock in the Transportation sector, EuroDry (EDRY - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 72.3%.
In EuroDry's case, the consensus EPS estimate for the current year increased 29.9% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, CSX belongs to the Transportation - Rail industry, a group that includes 9 individual stocks and currently sits at #204 in the Zacks Industry Rank. Stocks in this group have gained about 29.7% so far this year, so CSX is performing better this group in terms of year-to-date returns.
In contrast, EuroDry falls under the Transportation - Shipping industry. Currently, this industry has 28 stocks and is ranked #44. Since the beginning of the year, the industry has moved +38.7%.
Going forward, investors interested in Transportation stocks should continue to pay close attention to CSX and EuroDry as they could maintain their solid performance.