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Are Transportation Stocks Lagging Delta Air Lines (DAL) 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. Has Delta Air Lines (DAL - 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.
Delta Air Lines is a member of our Transportation group, which includes 110 different companies and currently sits at #2 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. Delta Air Lines is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for DAL's full-year earnings has moved 29.7% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, DAL has moved about 18.8% on a year-to-date basis. Meanwhile, the Transportation sector has returned an average of 15% on a year-to-date basis. This means that Delta Air Lines is performing better than its sector in terms of year-to-date returns.
Another Transportation stock, which has outperformed the sector so far this year, is Okeanis Eco Tankers Corp. (ECO - Free Report) . The stock has returned 91.2% year-to-date.
Over the past three months, Okeanis Eco Tankers Corp.'s consensus EPS estimate for the current year has increased 60.9%. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Delta Air Lines belongs to the Transportation - Airline industry, a group that includes 28 individual companies and currently sits at #156 in the Zacks Industry Rank. This group has lost an average of 8.1% so far this year, so DAL is performing better in this area.
On the other hand, Okeanis Eco Tankers Corp. belongs to the Transportation - Shipping industry. This 28-stock industry is currently ranked #37. The industry has moved +57.3% year to date.
Delta Air Lines and Okeanis Eco Tankers Corp. could continue their solid performance, so investors interested in Transportation stocks should continue to pay close attention to these stocks.
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Are Transportation Stocks Lagging Delta Air Lines (DAL) This Year?
The Transportation group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Delta Air Lines (DAL - 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.
Delta Air Lines is a member of our Transportation group, which includes 110 different companies and currently sits at #2 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. Delta Air Lines is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for DAL's full-year earnings has moved 29.7% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, DAL has moved about 18.8% on a year-to-date basis. Meanwhile, the Transportation sector has returned an average of 15% on a year-to-date basis. This means that Delta Air Lines is performing better than its sector in terms of year-to-date returns.
Another Transportation stock, which has outperformed the sector so far this year, is Okeanis Eco Tankers Corp. (ECO - Free Report) . The stock has returned 91.2% year-to-date.
Over the past three months, Okeanis Eco Tankers Corp.'s consensus EPS estimate for the current year has increased 60.9%. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Delta Air Lines belongs to the Transportation - Airline industry, a group that includes 28 individual companies and currently sits at #156 in the Zacks Industry Rank. This group has lost an average of 8.1% so far this year, so DAL is performing better in this area.
On the other hand, Okeanis Eco Tankers Corp. belongs to the Transportation - Shipping industry. This 28-stock industry is currently ranked #37. The industry has moved +57.3% year to date.
Delta Air Lines and Okeanis Eco Tankers Corp. could continue their solid performance, so investors interested in Transportation stocks should continue to pay close attention to these stocks.