Is Seanergy Maritime Holdings (SHIP) Outperforming Other Transportation Stocks This Year?

For those looking to find strong Transportation stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Seanergy Maritime Holdings Corp (SHIP) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.

Seanergy Maritime Holdings Corp is a member of our Transportation group, which includes 99 different companies and currently sits at #7 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 proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Seanergy Maritime Holdings Corp is currently sporting a Zacks Rank of #1 (Strong Buy).

Within the past quarter, the Zacks Consensus Estimate for SHIP's full-year earnings has moved 13.2% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

According to our latest data, SHIP has moved about 72.1% on a year-to-date basis. Meanwhile, stocks in the Transportation group have gained about 9.9% on average. As we can see, Seanergy Maritime Holdings Corp is performing better than its sector in the calendar year.

Another Transportation stock, which has outperformed the sector so far this year, is ZTO Express (Cayman) Inc. (ZTO). The stock has returned 11.2% year-to-date.

For ZTO Express (Cayman) Inc., the consensus EPS estimate for the current year has increased 6.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

To break things down more, Seanergy Maritime Holdings Corp belongs to the Transportation - Shipping industry, a group that includes 22 individual companies and currently sits at #42 in the Zacks Industry Rank. On average, this group has gained an average of 50.7% so far this year, meaning that SHIP is performing better in terms of year-to-date returns.

On the other hand, ZTO Express (Cayman) Inc. belongs to the Transportation - Services industry. This 19-stock industry is currently ranked #138. The industry has moved -5.9% year to date.

Investors with an interest in Transportation stocks should continue to track Seanergy Maritime Holdings Corp and ZTO Express (Cayman) Inc.. These stocks will be looking to continue their solid performance.

Zacks' Research Chief Names "Stock Most Likely to Double"

Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.

This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research