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Is Star Bulk Carriers (SBLK) Stock Outpacing Its Transportation Peers This Year?
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For those looking to find strong Transportation stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Star Bulk Carriers (SBLK - Free Report) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Transportation peers, we might be able to answer that question.
Star Bulk Carriers 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 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Star Bulk Carriers is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for SBLK's full-year earnings has moved 13.2% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, SBLK has returned 50.4% so far this year. At the same time, Transportation stocks have gained an average of 15.8%. This means that Star Bulk Carriers is performing better than its sector in terms of year-to-date returns.
ZIM Integrated Shipping Services (ZIM - 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 26.7%.
For ZIM Integrated Shipping Services, the consensus EPS estimate for the current year has increased 143.5% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Star Bulk Carriers belongs to the Transportation - Shipping industry, a group that includes 28 individual stocks and currently sits at #41 in the Zacks Industry Rank. On average, this group has gained an average of 46.2% so far this year, meaning that SBLK is performing better in terms of year-to-date returns. ZIM Integrated Shipping Services is also part of the same industry.
Investors with an interest in Transportation stocks should continue to track Star Bulk Carriers and ZIM Integrated Shipping Services. These stocks will be looking to continue their solid performance.
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Is Star Bulk Carriers (SBLK) Stock Outpacing Its Transportation Peers This Year?
For those looking to find strong Transportation stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Star Bulk Carriers (SBLK - Free Report) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Transportation peers, we might be able to answer that question.
Star Bulk Carriers 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 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Star Bulk Carriers is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for SBLK's full-year earnings has moved 13.2% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, SBLK has returned 50.4% so far this year. At the same time, Transportation stocks have gained an average of 15.8%. This means that Star Bulk Carriers is performing better than its sector in terms of year-to-date returns.
ZIM Integrated Shipping Services (ZIM - 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 26.7%.
For ZIM Integrated Shipping Services, the consensus EPS estimate for the current year has increased 143.5% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Star Bulk Carriers belongs to the Transportation - Shipping industry, a group that includes 28 individual stocks and currently sits at #41 in the Zacks Industry Rank. On average, this group has gained an average of 46.2% so far this year, meaning that SBLK is performing better in terms of year-to-date returns. ZIM Integrated Shipping Services is also part of the same industry.
Investors with an interest in Transportation stocks should continue to track Star Bulk Carriers and ZIM Integrated Shipping Services. These stocks will be looking to continue their solid performance.