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International Consolidated Airlines Group SA (ICAGY) - free report >>
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International Consolidated Airlines Group SA (ICAGY) - free report >>
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Has International Consolidated Airlines Group SA (ICAGY) Outpaced Other Transportation Stocks This Year?
Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. International Consolidated Airlines Group SA (ICAGY - 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? One simple way to answer this question is to take a look at the year-to-date performance of ICAGY and the rest of the Transportation group's stocks.
International Consolidated Airlines Group SA is a member of the Transportation sector. This group includes 144 individual stocks and currently holds a Zacks Sector Rank of #3. 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 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. ICAGY is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ICAGY's full-year earnings has moved 18.55% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, ICAGY has moved about 1.51% on a year-to-date basis. At the same time, Transportation stocks have lost an average of 2.10%. As we can see, International Consolidated Airlines Group SA is performing better than its sector in the calendar year.
Looking more specifically, ICAGY belongs to the Transportation - Airline industry, which includes 25 individual stocks and currently sits at #233 in the Zacks Industry Rank. On average, stocks in this group have lost 14.70% this year, meaning that ICAGY is performing better in terms of year-to-date returns.
ICAGY will likely be looking to continue its solid performance, so investors interested Transportation stocks should continue to pay close attention to the company.