Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. International Seaways (INSW) 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? Let's take a closer look at the stock's year-to-date performance to find out.
International Seaways is a member of our Transportation group, which includes 100 different companies and currently sits at #8 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 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. International Seaways is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for INSW's full-year earnings has moved 183.6% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, INSW has gained about 88.7% so far this year. Meanwhile, the Transportation sector has returned an average of 9.6% on a year-to-date basis. This means that International Seaways is performing better than its sector in terms of year-to-date returns.
Another Transportation stock, which has outperformed the sector so far this year, is Navigator Holdings (NVGS). The stock has returned 32.9% year-to-date.
In Navigator Holdings' case, the consensus EPS estimate for the current year increased 1.7% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, International Seaways belongs to the Transportation - Shipping industry, which includes 22 individual stocks and currently sits at #58 in the Zacks Industry Rank. Stocks in this group have gained about 50.4% so far this year, so INSW is performing better this group in terms of year-to-date returns. Navigator Holdings is also part of the same industry.
Investors with an interest in Transportation stocks should continue to track International Seaways and Navigator Holdings. These stocks will be looking to continue their solid performance.
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International Seaways Inc. (INSW): Free Stock Analysis Report
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This article originally published on Zacks Investment Research (zacks.com).