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Is CSX (CSX) Stock Outpacing Its Transportation Peers 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? Let's take a closer look at the stock's year-to-date performance to find out.
CSX is a member of our Transportation group, which includes 114 different companies and currently sits at #12 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 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. CSX is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for CSX's full-year earnings has moved 3% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, CSX has gained about 41.5% so far this year. In comparison, Transportation companies have returned an average of 8.6%. This means that CSX 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 Knight-Swift Transportation Holdings (KNX - Free Report) . The stock has returned 15.6% year-to-date.
In Knight-Swift Transportation Holdings' case, the consensus EPS estimate for the current year increased 1.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, CSX is a member of the Transportation - Rail industry, which includes 9 individual companies and currently sits at #104 in the Zacks Industry Rank. On average, this group has gained an average of 27.5% so far this year, meaning that CSX is performing better in terms of year-to-date returns.
Knight-Swift Transportation Holdings, however, belongs to the Transportation - Truck industry. Currently, this 12-stock industry is ranked #91. The industry has moved +17.2% so far this year.
Investors interested in the Transportation sector may want to keep a close eye on CSX and Knight-Swift Transportation Holdings as they attempt to continue their solid performance.
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Is CSX (CSX) Stock Outpacing Its Transportation Peers 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? Let's take a closer look at the stock's year-to-date performance to find out.
CSX is a member of our Transportation group, which includes 114 different companies and currently sits at #12 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 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. CSX is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for CSX's full-year earnings has moved 3% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, CSX has gained about 41.5% so far this year. In comparison, Transportation companies have returned an average of 8.6%. This means that CSX 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 Knight-Swift Transportation Holdings (KNX - Free Report) . The stock has returned 15.6% year-to-date.
In Knight-Swift Transportation Holdings' case, the consensus EPS estimate for the current year increased 1.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, CSX is a member of the Transportation - Rail industry, which includes 9 individual companies and currently sits at #104 in the Zacks Industry Rank. On average, this group has gained an average of 27.5% so far this year, meaning that CSX is performing better in terms of year-to-date returns.
Knight-Swift Transportation Holdings, however, belongs to the Transportation - Truck industry. Currently, this 12-stock industry is ranked #91. The industry has moved +17.2% so far this year.
Investors interested in the Transportation sector may want to keep a close eye on CSX and Knight-Swift Transportation Holdings as they attempt to continue their solid performance.