We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is Matson (MATX) Outperforming Other Transportation Stocks This Year?
Read MoreHide Full Article
The Transportation group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Matson (MATX - 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.
Matson 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 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. Matson is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for MATX's full-year earnings has moved 2.7% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, MATX has gained about 66.3% so far this year. Meanwhile, the Transportation sector has returned an average of 17.2% on a year-to-date basis. This means that Matson is outperforming the sector as a whole this year.
Werner Enterprises (WERN - 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 34.7%.
In Werner Enterprises' case, the consensus EPS estimate for the current year increased 18% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Matson belongs to the Transportation - Services industry, a group that includes 20 individual companies and currently sits at #90 in the Zacks Industry Rank. On average, stocks in this group have gained 9.3% this year, meaning that MATX is performing better in terms of year-to-date returns.
Werner Enterprises, however, belongs to the Transportation - Truck industry. Currently, this 12-stock industry is ranked #7. The industry has moved +43.4% so far this year.
Matson and Werner Enterprises could continue their solid performance, so investors interested in Transportation stocks should continue to pay close attention to these stocks.
View the Zacks #1 Rank List
Image: Bigstock
Is Matson (MATX) 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 Matson (MATX - 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.
Matson 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 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. Matson is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for MATX's full-year earnings has moved 2.7% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, MATX has gained about 66.3% so far this year. Meanwhile, the Transportation sector has returned an average of 17.2% on a year-to-date basis. This means that Matson is outperforming the sector as a whole this year.
Werner Enterprises (WERN - 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 34.7%.
In Werner Enterprises' case, the consensus EPS estimate for the current year increased 18% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Matson belongs to the Transportation - Services industry, a group that includes 20 individual companies and currently sits at #90 in the Zacks Industry Rank. On average, stocks in this group have gained 9.3% this year, meaning that MATX is performing better in terms of year-to-date returns.
Werner Enterprises, however, belongs to the Transportation - Truck industry. Currently, this 12-stock industry is ranked #7. The industry has moved +43.4% so far this year.
Matson and Werner Enterprises could continue their solid performance, so investors interested in Transportation stocks should continue to pay close attention to these stocks.