The Transportation group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Global Ship Lease (GSL) been one of those stocks this year? 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.
Global Ship Lease is one of 110 companies in the Transportation group. The Transportation group currently sits at #5 within the Zacks Sector Rank. 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 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. Global Ship Lease is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for GSL's full-year earnings has moved 1.3% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that GSL has returned about 24.8% since the start of the calendar year. In comparison, Transportation companies have returned an average of 6.6%. This shows that Global Ship Lease is outperforming its peers so far this year.
One other Transportation stock that has outperformed the sector so far this year is ArcBest (ARCB). The stock is up 71.3% year-to-date.
Over the past three months, ArcBest's consensus EPS estimate for the current year has increased 18.8%. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Global Ship Lease is a member of the Transportation - Shipping industry, which includes 28 individual companies and currently sits at #48 in the Zacks Industry Rank. Stocks in this group have gained about 63% so far this year, so GSL is slightly underperforming its industry this group in terms of year-to-date returns.
ArcBest, however, belongs to the Transportation - Truck industry. Currently, this 12-stock industry is ranked #61. The industry has moved +17.2% so far this year.
Investors interested in the Transportation sector may want to keep a close eye on Global Ship Lease and ArcBest as they attempt to continue their solid performance.
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Global Ship Lease, Inc. (GSL): Free Stock Analysis Report
ArcBest Corporation (ARCB): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).