Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Is Seanergy Maritime Holdings Corp (SHIP) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Seanergy Maritime Holdings Corp is a member of the Transportation sector. This group includes 114 individual stocks and currently holds a Zacks Sector Rank of #3. 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. Seanergy Maritime Holdings Corp is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for SHIP's full-year earnings has moved 42.1% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that SHIP has returned about 52.8% since the start of the calendar year. In comparison, Transportation companies have returned an average of 15.4%. This shows that Seanergy Maritime Holdings Corp is outperforming its peers so far this year.
One other Transportation stock that has outperformed the sector so far this year is Teekay Tankers (TNK). The stock is up 44.1% year-to-date.
The consensus estimate for Teekay Tankers' current year EPS has increased 44.6% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Seanergy Maritime Holdings Corp belongs to the Transportation - Shipping industry, a group that includes 36 individual stocks and currently sits at #50 in the Zacks Industry Rank. On average, this group has gained an average of 37.7% so far this year, meaning that SHIP is performing better in terms of year-to-date returns. Teekay Tankers is also part of the same industry.
Investors interested in the Transportation sector may want to keep a close eye on Seanergy Maritime Holdings Corp and Teekay Tankers as they attempt to continue their solid performance.
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Seanergy Maritime Holdings Corp (SHIP): Free Stock Analysis Report Teekay Tankers Ltd. (TNK): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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