Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Is Air Lease (AL) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Air Lease is a member of the Transportation sector. This group includes 122 individual stocks and currently holds a Zacks Sector Rank of #15. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Air Lease is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for AL's full-year earnings has moved 3.8% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that AL has returned about 17.7% since the start of the calendar year. Meanwhile, the Transportation sector has returned an average of -7.3% on a year-to-date basis. This means that Air Lease is outperforming the sector as a whole this year.
Japan Airlines Ltd (JAPSY) is another Transportation stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 31.9%.
In Japan Airlines Ltd's case, the consensus EPS estimate for the current year increased 29.6% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Air Lease belongs to the Transportation - Equipment and Leasing industry, a group that includes 10 individual companies and currently sits at #78 in the Zacks Industry Rank. On average, this group has gained an average of 2.8% so far this year, meaning that AL is performing better in terms of year-to-date returns.
On the other hand, Japan Airlines Ltd belongs to the Transportation - Airline industry. This 27-stock industry is currently ranked #170. The industry has moved -7.2% year to date.
Investors with an interest in Transportation stocks should continue to track Air Lease and Japan Airlines Ltd. These stocks will be looking to continue their solid performance.
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Air Lease Corporation (AL): Free Stock Analysis Report Japan Airlines Ltd (JAPSY): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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