Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Has JetBlue Airways (JBLU - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
JetBlue Airways is one of 149 individual stocks in the Transportation sector. Collectively, these companies sit at #3 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. JBLU is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for JBLU's full-year earnings has moved 18.47% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that JBLU has returned about 2.80% since the start of the calendar year. In comparison, Transportation companies have returned an average of 12.92%. As we can see, JetBlue Airways is performing better than its sector in the calendar year.
To break things down more, JBLU belongs to the Transportation - Airline industry, a group that includes 28 individual companies and currently sits at #15 in the Zacks Industry Rank. On average, stocks in this group have gained 5.76% this year, meaning that JBLU is slightly underperforming its industry in terms of year-to-date returns.
Investors in the Transportation sector will want to keep a close eye on JBLU as it attempts to continue its solid performance.