The Transportation group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Radiant Logistics is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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 one of 153 individual stocks in the Transportation sector. Collectively, these companies sit at #16 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. RLGT is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for RLGT's full-year earnings has moved 4.26% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, RLGT has returned 50.59% so far this year. In comparison, Transportation companies have returned an average of 11.87%. This shows that Radiant Logistics is outperforming its peers so far this year.
Looking more specifically, RLGT belongs to the Transportation - Air Freight and Cargo industry, which includes 6 individual stocks and currently sits at #186 in the Zacks Industry Rank. On average, stocks in this group have gained 4.06% 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.