Investors focused on the Transportation space have likely heard of CSX (CSX), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of CSX and the rest of the Transportation group's stocks.
CSX is one of 149 individual stocks in the Transportation sector. Collectively, these companies sit at #4 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. CSX is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for CSX's full-year earnings has moved 7.12% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, CSX has returned 19.83% so far this year. Meanwhile, stocks in the Transportation group have lost about 8.41% on average. This shows that CSX is outperforming its peers so far this year.
To break things down more, CSX belongs to the Transportation - Rail industry, a group that includes 10 individual companies and currently sits at #15 in the Zacks Industry Rank. On average, this group has gained an average of 7.92% so far this year, meaning that CSX is performing better in terms of year-to-date returns.
CSX will likely be looking to continue its solid performance, so investors interested in Transportation stocks should continue to pay close attention to the company.
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