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 one of 150 individual stocks in the Transportation sector. Collectively, these companies sit at #5 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 #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CSX's full-year earnings has moved 4.39% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, CSX has returned 1.06% so far this year. At the same time, Transportation stocks have gained an average of 1.04%. 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, a group that includes 10 individual stocks and currently sits at #65 in the Zacks Industry Rank. On average, stocks in this group have gained 0.66% this year, meaning that CSX is performing better 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.