Investors focused on the Transportation space have likely heard of Diana Shipping (DSX - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of DSX and the rest of the Transportation group's stocks.
Diana Shipping is one of 144 companies in the Transportation group. The Transportation group currently sits at #3 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. DSX is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for DSX's full-year earnings has moved 110.46% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, DSX has gained about 13.76% so far this year. Meanwhile, stocks in the Transportation group have lost about 2.98% on average. This means that Diana Shipping is outperforming the sector as a whole this year.
Looking more specifically, DSX belongs to the Transportation - Shipping industry, a group that includes 46 individual stocks and currently sits at #159 in the Zacks Industry Rank. On average, this group has gained an average of 6.38% so far this year, meaning that DSX is performing better in terms of year-to-date returns.
Investors in the Transportation sector will want to keep a close eye on DSX as it attempts to continue its solid performance.