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Is Genco Shipping & Trading Limited (GNK) Stock Outpacing Its Transportation Peers This Year?
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Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Genco Shipping & Trading (GNK - 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.
Genco Shipping & Trading is a member of our Transportation group, which includes 114 different companies and currently sits at #9 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. Genco Shipping & Trading is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for GNK's full-year earnings has moved 6.8% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, GNK has gained about 41.9% so far this year. At the same time, Transportation stocks have gained an average of 13.7%. As we can see, Genco Shipping & Trading is performing better than its sector in the calendar year.
One other Transportation stock that has outperformed the sector so far this year is Kirby (KEX - Free Report) . The stock is up 16.3% year-to-date.
The consensus estimate for Kirby's current year EPS has increased 2.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Genco Shipping & Trading is a member of the Transportation - Shipping industry, which includes 29 individual companies and currently sits at #29 in the Zacks Industry Rank. This group has gained an average of 55.2% so far this year, so GNK is slightly underperforming its industry in this area. Kirby is also part of the same industry.
Investors with an interest in Transportation stocks should continue to track Genco Shipping & Trading and Kirby. These stocks will be looking to continue their solid performance.
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Is Genco Shipping & Trading Limited (GNK) Stock Outpacing Its Transportation Peers This Year?
Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Genco Shipping & Trading (GNK - 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.
Genco Shipping & Trading is a member of our Transportation group, which includes 114 different companies and currently sits at #9 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. Genco Shipping & Trading is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for GNK's full-year earnings has moved 6.8% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, GNK has gained about 41.9% so far this year. At the same time, Transportation stocks have gained an average of 13.7%. As we can see, Genco Shipping & Trading is performing better than its sector in the calendar year.
One other Transportation stock that has outperformed the sector so far this year is Kirby (KEX - Free Report) . The stock is up 16.3% year-to-date.
The consensus estimate for Kirby's current year EPS has increased 2.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Genco Shipping & Trading is a member of the Transportation - Shipping industry, which includes 29 individual companies and currently sits at #29 in the Zacks Industry Rank. This group has gained an average of 55.2% so far this year, so GNK is slightly underperforming its industry in this area. Kirby is also part of the same industry.
Investors with an interest in Transportation stocks should continue to track Genco Shipping & Trading and Kirby. These stocks will be looking to continue their solid performance.