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Are Transportation Stocks Lagging Allegiant (ALGT) This Year?
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Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Allegiant Travel (ALGT - 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.
Allegiant Travel is one of 110 companies in the Transportation group. The Transportation group currently sits at #1 within the Zacks Sector Rank. 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Allegiant Travel is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for ALGT's full-year earnings has moved 72.6% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that ALGT has returned about 16.1% since the start of the calendar year. At the same time, Transportation stocks have gained an average of 14.2%. This shows that Allegiant Travel is outperforming its peers so far this year.
Another stock in the Transportation sector, Landstar System (LSTR - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 17.8%.
In Landstar System's case, the consensus EPS estimate for the current year increased 4.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Allegiant Travel belongs to the Transportation - Airline industry, a group that includes 28 individual stocks and currently sits at #150 in the Zacks Industry Rank. On average, stocks in this group have gained 0.3% this year, meaning that ALGT is performing better in terms of year-to-date returns.
In contrast, Landstar System falls under the Transportation - Truck industry. Currently, this industry has 12 stocks and is ranked #7. Since the beginning of the year, the industry has moved +34.4%.
Investors with an interest in Transportation stocks should continue to track Allegiant Travel and Landstar System. These stocks will be looking to continue their solid performance.
View the Zacks #1 Rank List
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Are Transportation Stocks Lagging Allegiant (ALGT) This Year?
Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Allegiant Travel (ALGT - 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.
Allegiant Travel is one of 110 companies in the Transportation group. The Transportation group currently sits at #1 within the Zacks Sector Rank. 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Allegiant Travel is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for ALGT's full-year earnings has moved 72.6% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that ALGT has returned about 16.1% since the start of the calendar year. At the same time, Transportation stocks have gained an average of 14.2%. This shows that Allegiant Travel is outperforming its peers so far this year.
Another stock in the Transportation sector, Landstar System (LSTR - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 17.8%.
In Landstar System's case, the consensus EPS estimate for the current year increased 4.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Allegiant Travel belongs to the Transportation - Airline industry, a group that includes 28 individual stocks and currently sits at #150 in the Zacks Industry Rank. On average, stocks in this group have gained 0.3% this year, meaning that ALGT is performing better in terms of year-to-date returns.
In contrast, Landstar System falls under the Transportation - Truck industry. Currently, this industry has 12 stocks and is ranked #7. Since the beginning of the year, the industry has moved +34.4%.
Investors with an interest in Transportation stocks should continue to track Allegiant Travel and Landstar System. These stocks will be looking to continue their solid performance.