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Has ArcBest (ARCB) Outpaced Other Transportation Stocks This Year?
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Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Has ArcBest (ARCB - 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.
ArcBest is a member of our Transportation group, which includes 114 different companies and currently sits at #8 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. ArcBest is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ARCB's full-year earnings has moved 7.4% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, ARCB has returned 78.7% so far this year. In comparison, Transportation companies have returned an average of 12.6%. This means that ArcBest is performing better than its sector in terms of year-to-date returns.
One other Transportation stock that has outperformed the sector so far this year is EuroDry (EDRY - Free Report) . The stock is up 199.7% year-to-date.
In EuroDry's case, the consensus EPS estimate for the current year increased 2.4% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, ArcBest belongs to the Transportation - Truck industry, a group that includes 12 individual stocks and currently sits at #59 in the Zacks Industry Rank. On average, stocks in this group have gained 15.6% this year, meaning that ARCB is performing better in terms of year-to-date returns.
In contrast, EuroDry falls under the Transportation - Shipping industry. Currently, this industry has 29 stocks and is ranked #28. Since the beginning of the year, the industry has moved +50.8%.
Going forward, investors interested in Transportation stocks should continue to pay close attention to ArcBest and EuroDry as they could maintain their solid performance.
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Has ArcBest (ARCB) Outpaced Other Transportation Stocks This Year?
Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Has ArcBest (ARCB - 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.
ArcBest is a member of our Transportation group, which includes 114 different companies and currently sits at #8 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. ArcBest is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ARCB's full-year earnings has moved 7.4% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, ARCB has returned 78.7% so far this year. In comparison, Transportation companies have returned an average of 12.6%. This means that ArcBest is performing better than its sector in terms of year-to-date returns.
One other Transportation stock that has outperformed the sector so far this year is EuroDry (EDRY - Free Report) . The stock is up 199.7% year-to-date.
In EuroDry's case, the consensus EPS estimate for the current year increased 2.4% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, ArcBest belongs to the Transportation - Truck industry, a group that includes 12 individual stocks and currently sits at #59 in the Zacks Industry Rank. On average, stocks in this group have gained 15.6% this year, meaning that ARCB is performing better in terms of year-to-date returns.
In contrast, EuroDry falls under the Transportation - Shipping industry. Currently, this industry has 29 stocks and is ranked #28. Since the beginning of the year, the industry has moved +50.8%.
Going forward, investors interested in Transportation stocks should continue to pay close attention to ArcBest and EuroDry as they could maintain their solid performance.