For those looking to find strong Transportation stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Euroseas Ltd. (ESEA) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Transportation peers, we might be able to answer that question.
Euroseas Ltd. is one of 122 individual stocks in the Transportation sector. Collectively, these companies sit at #14 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. Euroseas Ltd. is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for ESEA's full-year earnings has moved 7.3% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, ESEA has returned 43.3% so far this year. In comparison, Transportation companies have returned an average of -3.5%. This shows that Euroseas Ltd. is outperforming its peers so far this year.
Another Transportation stock, which has outperformed the sector so far this year, is Westinghouse Air Brake Technologies (WAB). The stock has returned 5.9% year-to-date.
In Westinghouse Air Brake Technologies' case, the consensus EPS estimate for the current year increased 1.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Euroseas Ltd. belongs to the Transportation - Shipping industry, which includes 38 individual stocks and currently sits at #95 in the Zacks Industry Rank. This group has gained an average of 1.7% so far this year, so ESEA is performing better in this area.
On the other hand, Westinghouse Air Brake Technologies belongs to the Transportation - Equipment and Leasing industry. This 11-stock industry is currently ranked #99. The industry has moved +4.7% year to date.
Investors with an interest in Transportation stocks should continue to track Euroseas Ltd. and Westinghouse Air Brake Technologies. These stocks will be looking to continue their solid performance.
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Euroseas Ltd. (ESEA): Free Stock Analysis Report Wabtec (WAB): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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