Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. CSX (CSX - 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 CSX and the rest of the Transportation group's stocks.
CSX is one of 144 companies in the Transportation group. The Transportation group currently sits at #10 within 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 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. CSX is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CSX's full-year earnings has moved 9.99% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that CSX has returned about 33.28% since the start of the calendar year. At the same time, Transportation stocks have gained an average of 3%. This means that CSX is performing better than its sector in terms of year-to-date returns.
Looking more specifically, CSX belongs to the Transportation - Rail industry, which includes 10 individual stocks and currently sits at #88 in the Zacks Industry Rank. This group has gained an average of 20.03% 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.