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? One simple way to answer this question is to take a look at the year-to-date performance of RLGT and the rest of the Transportation group's stocks.
Radiant Logistics is a member of the Transportation sector. This group includes 152 individual stocks and currently holds a Zacks Sector Rank of #12. 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. RLGT is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for RLGT's full-year earnings has moved 4% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, RLGT has moved about 26.82% on a year-to-date basis. Meanwhile, the Transportation sector has returned an average of 17.59% on a year-to-date basis. As we can see, Radiant Logistics is performing better than its sector in the calendar year.
Looking more specifically, RLGT belongs to the Transportation - Air Freight and Cargo industry, which includes 6 individual stocks and currently sits at #100 in the Zacks Industry Rank. On average, stocks in this group have gained 15.55% this year, meaning that RLGT is performing better in terms of year-to-date returns.
Going forward, investors interested in Transportation stocks should continue to pay close attention to RLGT as it looks to continue its solid performance.