For those looking to find strong Transportation stocks, it is prudent to search for companies in the group that are outperforming their peers. Is CSX (CSX - 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.
CSX is a member of the Transportation sector. This group includes 152 individual stocks and currently holds a Zacks Sector Rank of #6. 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 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 three months, the Zacks Consensus Estimate for CSX's full-year earnings has moved 6.16% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, CSX has returned 30.47% so far this year. Meanwhile, the Transportation sector has returned an average of -2.43% on a year-to-date basis. As we can see, CSX is performing better than its sector in the calendar year.
Breaking things down more, CSX is a member of the Transportation - Rail industry, which includes 10 individual companies and currently sits at #27 in the Zacks Industry Rank. Stocks in this group have gained about 13.92% 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.