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? 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 a member of our Transportation group, which includes 149 different companies and currently sits at #8 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. CSX is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for CSX's full-year earnings has moved 10.58% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, CSX has moved about 25.01% on a year-to-date basis. Meanwhile, the Transportation sector has returned an average of -4.72% on a year-to-date basis. This shows that CSX is outperforming its peers so far this year.
Looking more specifically, CSX belongs to the Transportation - Rail industry, a group that includes 10 individual stocks and currently sits at #16 in the Zacks Industry Rank. Stocks in this group have gained about 12.61% so far this year, so CSX is performing better this group in terms of year-to-date returns.
Investors with an interest in Transportation stocks should continue to track CSX. The stock will be looking to continue its solid performance.