The Transportation group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Genco Shipping & Trading (GNK) 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? 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.
Genco Shipping & Trading is a member of our Transportation group, which includes 114 different companies and currently sits at #2 in the Zacks Sector Rank. 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. Genco Shipping & Trading is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for GNK's full-year earnings has moved 474.3% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that GNK has returned about 32.7% since the start of the calendar year. At the same time, Transportation stocks have gained an average of 14.8%. This means that Genco Shipping & Trading is outperforming the sector as a whole this year.
Another Transportation stock, which has outperformed the sector so far this year, is International Seaways (INSW). The stock has returned 57.6% year-to-date.
The consensus estimate for International Seaways' current year EPS has increased 29.3% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Genco Shipping & Trading belongs to the Transportation - Shipping industry, a group that includes 36 individual companies and currently sits at #31 in the Zacks Industry Rank. On average, stocks in this group have gained 42.6% this year, meaning that GNK is slightly underperforming its industry in terms of year-to-date returns. International Seaways is also part of the same industry.
Investors interested in the Transportation sector may want to keep a close eye on Genco Shipping & Trading and International Seaways as they attempt to continue their solid performance.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Genco Shipping & Trading Limited (GNK): Free Stock Analysis Report International Seaways Inc. (INSW): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
