Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Is International Seaways (INSW) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Transportation sector should help us answer this question.
International Seaways is a member of our Transportation group, which includes 114 different companies and currently sits at #12 in 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. International Seaways is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for INSW's full-year earnings has moved 9.3% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, INSW has moved about 155.9% on a year-to-date basis. At the same time, Transportation stocks have gained an average of 6.7%. This means that International Seaways is performing better than its sector in terms of year-to-date returns.
Nippon Yusen Kabushiki Kaisha (NPNYY) is another Transportation stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 46.1%.
The consensus estimate for Nippon Yusen Kabushiki Kaisha's current year EPS has increased 25.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, International Seaways is a member of the Transportation - Shipping industry, which includes 29 individual companies and currently sits at #56 in the Zacks Industry Rank. On average, stocks in this group have gained 79.5% this year, meaning that INSW is performing better in terms of year-to-date returns. Nippon Yusen Kabushiki Kaisha is also part of the same industry.
Investors with an interest in Transportation stocks should continue to track International Seaways and Nippon Yusen Kabushiki Kaisha. 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).