Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Is Atlas Air Worldwide Holdings (AAWW - Free Report) one of those stocks right now? 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.
Atlas Air Worldwide Holdings is a member of our Transportation group, which includes 144 different companies and currently sits at #11 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. AAWW is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for AAWW's full-year earnings has moved 7.60% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, AAWW has returned 7.59% so far this year. Meanwhile, stocks in the Transportation group have gained about 1.31% on average. This shows that Atlas Air Worldwide Holdings is outperforming its peers so far this year.
To break things down more, AAWW belongs to the Transportation - Air Freight and Cargo industry, a group that includes 6 individual companies and currently sits at #48 in the Zacks Industry Rank. This group has gained an average of 0.01% so far this year, so AAWW is performing better in this area.
Investors with an interest in Transportation stocks should continue to track AAWW. The stock will be looking to continue its solid performance.