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Are Transportation Stocks Lagging Aercap (AER) 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 AerCap (AER - 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.
AerCap is one of 114 individual stocks in the Transportation sector. Collectively, these companies sit at #12 in 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 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. AerCap is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for AER's full-year earnings has moved 13.3% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, AER has gained about 13.6% so far this year. In comparison, Transportation companies have returned an average of 12.1%. This means that AerCap is outperforming the sector as a whole this year.
Another stock in the Transportation sector, Old Dominion Freight Line (ODFL - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 12.4%.
Over the past three months, Old Dominion Freight Line's consensus EPS estimate for the current year has increased 2.6%. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, AerCap belongs to the Transportation - Equipment and Leasing industry, a group that includes 11 individual companies and currently sits at #64 in the Zacks Industry Rank. Stocks in this group have gained about 11.3% so far this year, so AER is performing better this group in terms of year-to-date returns.
Old Dominion Freight Line, however, belongs to the Transportation - Truck industry. Currently, this 12-stock industry is ranked #93. The industry has moved +17.6% so far this year.
Investors interested in the Transportation sector may want to keep a close eye on AerCap and Old Dominion Freight Line as they attempt to continue their solid performance.
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Are Transportation Stocks Lagging Aercap (AER) This Year?
The Transportation group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is AerCap (AER - 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.
AerCap is one of 114 individual stocks in the Transportation sector. Collectively, these companies sit at #12 in 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 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. AerCap is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for AER's full-year earnings has moved 13.3% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, AER has gained about 13.6% so far this year. In comparison, Transportation companies have returned an average of 12.1%. This means that AerCap is outperforming the sector as a whole this year.
Another stock in the Transportation sector, Old Dominion Freight Line (ODFL - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 12.4%.
Over the past three months, Old Dominion Freight Line's consensus EPS estimate for the current year has increased 2.6%. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, AerCap belongs to the Transportation - Equipment and Leasing industry, a group that includes 11 individual companies and currently sits at #64 in the Zacks Industry Rank. Stocks in this group have gained about 11.3% so far this year, so AER is performing better this group in terms of year-to-date returns.
Old Dominion Freight Line, however, belongs to the Transportation - Truck industry. Currently, this 12-stock industry is ranked #93. The industry has moved +17.6% so far this year.
Investors interested in the Transportation sector may want to keep a close eye on AerCap and Old Dominion Freight Line as they attempt to continue their solid performance.