The Transportation group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Knight-Swift Transportation Holdings (KNX) 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.
Knight-Swift Transportation Holdings is a member of our Transportation group, which includes 110 different companies and currently sits at #1 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. Knight-Swift Transportation Holdings is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for KNX's full-year earnings has moved 12% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, KNX has gained about 47.6% so far this year. At the same time, Transportation stocks have gained an average of 16.7%. This shows that Knight-Swift Transportation Holdings is outperforming its peers so far this year.
One other Transportation stock that has outperformed the sector so far this year is TFI International Inc. (TFII). The stock is up 44.5% year-to-date.
The consensus estimate for TFI International Inc.'s current year EPS has increased 13.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Knight-Swift Transportation Holdings belongs to the Transportation - Truck industry, a group that includes 12 individual companies and currently sits at #27 in the Zacks Industry Rank. Stocks in this group have gained about 45.5% so far this year, so KNX is performing better this group in terms of year-to-date returns.
TFI International Inc., however, belongs to the Transportation - Services industry. Currently, this 20-stock industry is ranked #155. The industry has moved +11.3% so far this year.
Going forward, investors interested in Transportation stocks should continue to pay close attention to Knight-Swift Transportation Holdings and TFI International Inc. as they could maintain 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%.
Free: See Our Top Stock And 4 Runners UpWant 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
Knight-Swift Transportation Holdings Inc. (KNX): Free Stock Analysis Report
TFI International Inc. (TFII): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).