Investors focused on the Transportation space have likely heard of Radiant Logistics (RLGT - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Transportation sector should help us answer this question.
Radiant Logistics is a member of the Transportation sector. This group includes 152 individual stocks and currently holds a Zacks Sector Rank of #14. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. RLGT is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for RLGT's full-year earnings has moved 6.82% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, RLGT has gained about 48% so far this year. In comparison, Transportation companies have returned an average of 16.31%. This means that Radiant Logistics is performing better than its sector in terms of year-to-date returns.
To break things down more, RLGT belongs to the Transportation - Air Freight and Cargo industry, a group that includes 6 individual companies and currently sits at #14 in the Zacks Industry Rank. On average, stocks in this group have gained 17.97% this year, meaning that RLGT is performing better in terms of year-to-date returns.
Investors in the Transportation sector will want to keep a close eye on RLGT as it attempts to continue its solid performance.