For those looking to find strong Transportation stocks, it is prudent to search for companies in the group that are outperforming their peers. Dorian LPG (LPG) 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? 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.
Dorian LPG is a member of the Transportation sector. This group includes 121 individual stocks and currently holds a Zacks Sector Rank of #13. 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. Dorian LPG is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for LPG's full-year earnings has moved 63.6% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, LPG has gained about 27.6% so far this year. In comparison, Transportation companies have returned an average of -4.7%. This means that Dorian LPG is outperforming the sector as a whole this year.
Another Transportation stock, which has outperformed the sector so far this year, is SkyWest (SKYW). The stock has returned 19.1% year-to-date.
The consensus estimate for SkyWest's current year EPS has increased 7.2% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Dorian LPG belongs to the Transportation - Shipping industry, a group that includes 37 individual companies and currently sits at #191 in the Zacks Industry Rank. On average, this group has gained an average of 5.6% so far this year, meaning that LPG is performing better in terms of year-to-date returns.
SkyWest, however, belongs to the Transportation - Airline industry. Currently, this 25-stock industry is ranked #49. The industry has moved +9.9% so far this year.
Dorian LPG and SkyWest could continue their solid performance, so investors interested in Transportation stocks should continue to pay close attention to these stocks.
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Dorian LPG Ltd. (LPG): Free Stock Analysis Report SkyWest, Inc. (SKYW): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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