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Is International Consolidated Airlines Group SA (ICAGY) Outperforming Other Transportation Stocks 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. Has International Consolidated Airlines Group SA (ICAGY - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

International Consolidated Airlines Group SA is a member of our Transportation group, which includes 144 different companies and currently sits at #3 in the Zacks Sector Rank. 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. ICAGY is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for ICAGY's full-year earnings has moved 18.55% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

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%. This shows that International Consolidated Airlines Group SA is outperforming its peers so far this year.

Breaking things down more, ICAGY is a member of the Transportation - Airline industry, which includes 25 individual companies and currently sits at #233 in the Zacks Industry Rank. Stocks in this group have lost about 14.70% so far this year, so ICAGY is performing better this group in terms of year-to-date returns.

Going forward, investors interested in Transportation stocks should continue to pay close attention to ICAGY as it looks to continue its solid performance.


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