For those looking to find strong Transportation stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Hertz Global Holdings (HTZ - Free Report) one of those stocks right now? 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.
Hertz Global Holdings is a member of the Transportation sector. This group includes 153 individual stocks and currently holds a Zacks Sector Rank of #14. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. HTZ is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for HTZ's full-year earnings has moved 64.47% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, HTZ has returned 28.57% so far this year. Meanwhile, stocks in the Transportation group have gained about 13.79% on average. As we can see, Hertz Global Holdings is performing better than its sector in the calendar year.
To break things down more, HTZ belongs to the Transportation - Services industry, a group that includes 31 individual companies and currently sits at #225 in the Zacks Industry Rank. On average, stocks in this group have gained 16.44% this year, meaning that HTZ is performing better in terms of year-to-date returns.
HTZ will likely be looking to continue its solid performance, so investors interested in Transportation stocks should continue to pay close attention to the company.