For those looking to find strong Transportation stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Norfolk Southern (NSC - 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.
Norfolk Southern is one of 149 individual stocks in the Transportation sector. Collectively, these companies sit at #10 in 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. NSC is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for NSC's full-year earnings has moved 5.98% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, NSC has gained about 26.98% so far this year. In comparison, Transportation companies have returned an average of 1.85%. This shows that Norfolk Southern is outperforming its peers so far this year.
Breaking things down more, NSC is a member of the Transportation - Rail industry, which includes 10 individual companies and currently sits at #33 in the Zacks Industry Rank. This group has gained an average of 21.78% so far this year, so NSC is performing better in this area.
Investors with an interest in Transportation stocks should continue to track NSC. The stock will be looking to continue its solid performance.