Investors focused on the Transportation space have likely heard of CSX (CSX - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
CSX is one of 144 companies in the Transportation group. The Transportation group currently sits at #8 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 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. CSX is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for CSX's full-year earnings has moved 10.06% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, CSX has returned 33.85% so far this year. Meanwhile, stocks in the Transportation group have gained about 2.71% on average. This shows that CSX is outperforming its peers so far this year.
Looking more specifically, CSX belongs to the Transportation - Rail industry, which includes 10 individual stocks and currently sits at #51 in the Zacks Industry Rank. This group has gained an average of 16.98% so far this year, so CSX is performing better in this area.
Going forward, investors interested in Transportation stocks should continue to pay close attention to CSX as it looks to continue its solid performance.