Credit: Shutterstock photoInvestors focused on the Transportation space have likely heard of Frontline (FRO), but is the stock performing well in comparison to the rest of its sector peers? 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.
Frontline is a member of the Transportation sector. This group includes 151 individual stocks and currently holds a Zacks Sector Rank of #5. 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. FRO is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for FRO's full-year earnings has moved 37.14% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that FRO has returned about 39.43% since the start of the calendar year. At the same time, Transportation stocks have lost an average of 9.22%. This means that Frontline is outperforming the sector as a whole this year.
Looking more specifically, FRO belongs to the Transportation - Shipping industry, a group that includes 47 individual stocks and currently sits at #160 in the Zacks Industry Rank. On average, stocks in this group have lost 9.60% this year, meaning that FRO is performing better in terms of year-to-date returns.
Investors in the Transportation sector will want to keep a close eye on FRO as it attempts to continue its solid performance.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
