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Are Transportation Stocks Lagging Herc Holdings (HRI) This Year?
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Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Herc Holdings (HRI - 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? 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.
Herc Holdings is a member of our Transportation group, which includes 114 different companies and currently sits at #13 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. Herc Holdings is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for HRI's full-year earnings has moved 5.4% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, HRI has gained about 12% so far this year. At the same time, Transportation stocks have gained an average of 9.5%. As we can see, Herc Holdings is performing better than its sector in the calendar year.
Another stock in the Transportation sector, International Seaways (INSW - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 130.2%.
The consensus estimate for International Seaways' current year EPS has increased 11.9% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Herc Holdings is a member of the Transportation - Equipment and Leasing industry, which includes 11 individual companies and currently sits at #81 in the Zacks Industry Rank. Stocks in this group have gained about 7.3% so far this year, so HRI is performing better this group in terms of year-to-date returns.
International Seaways, however, belongs to the Transportation - Shipping industry. Currently, this 29-stock industry is ranked #49. The industry has moved +73.1% so far this year.
Herc Holdings and International Seaways 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 Herc Holdings (HRI) This Year?
Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Herc Holdings (HRI - 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? 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.
Herc Holdings is a member of our Transportation group, which includes 114 different companies and currently sits at #13 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. Herc Holdings is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for HRI's full-year earnings has moved 5.4% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, HRI has gained about 12% so far this year. At the same time, Transportation stocks have gained an average of 9.5%. As we can see, Herc Holdings is performing better than its sector in the calendar year.
Another stock in the Transportation sector, International Seaways (INSW - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 130.2%.
The consensus estimate for International Seaways' current year EPS has increased 11.9% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Herc Holdings is a member of the Transportation - Equipment and Leasing industry, which includes 11 individual companies and currently sits at #81 in the Zacks Industry Rank. Stocks in this group have gained about 7.3% so far this year, so HRI is performing better this group in terms of year-to-date returns.
International Seaways, however, belongs to the Transportation - Shipping industry. Currently, this 29-stock industry is ranked #49. The industry has moved +73.1% so far this year.
Herc Holdings and International Seaways could continue their solid performance, so investors interested in Transportation stocks should continue to pay close attention to these stocks.