Investors focused on the Transportation space have likely heard of Herc Holdings , but is the stock performing well in comparison to the rest of its sector peers? 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.
Herc Holdings is a member of the Transportation sector. This group includes 150 individual stocks and currently holds a Zacks Sector Rank of #1. 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 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. HRI is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for HRI's full-year earnings has moved 1.51% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, HRI has gained about 41.90% so far this year. Meanwhile, the Transportation sector has returned an average of 10.40% on a year-to-date basis. This means that Herc Holdings is performing better than its sector in terms of year-to-date returns.
Breaking things down more, HRI is a member of the Transportation - Equipment and Leasing industry, which includes 15 individual companies and currently sits at #79 in the Zacks Industry Rank. Stocks in this group have gained about 11.81% so far this year, so HRI is performing better this group in terms of year-to-date returns.
HRI will likely be looking to continue its solid performance, so investors interested in Transportation stocks should continue to pay close attention to the company.