Is Grupo Aeroportuario del Centro Norte (OMAB) 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. Grupo Aeroportuario del Centro Norte (OMAB) 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? 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.

Grupo Aeroportuario del Centro Norte is a member of our Transportation group, which includes 114 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Grupo Aeroportuario del Centro Norte is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for OMAB's full-year earnings has moved 4.9% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Based on the most recent data, OMAB has returned 17.8% so far this year. Meanwhile, the Transportation sector has returned an average of 12.9% on a year-to-date basis. As we can see, Grupo Aeroportuario del Centro Norte is performing better than its sector in the calendar year.

Southwest Airlines (LUV) is another Transportation stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 23.7%.

The consensus estimate for Southwest Airlines' current year EPS has increased 55% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).

Looking more specifically, Grupo Aeroportuario del Centro Norte belongs to the Transportation - Services industry, a group that includes 20 individual stocks and currently sits at #140 in the Zacks Industry Rank. On average, stocks in this group have gained 6.6% this year, meaning that OMAB is performing better in terms of year-to-date returns.

On the other hand, Southwest Airlines belongs to the Transportation - Airline industry. This 24-stock industry is currently ranked #23. The industry has moved +2.6% year to date.

Grupo Aeroportuario del Centro Norte and Southwest Airlines could continue their solid performance, so investors interested in Transportation stocks should continue to pay close attention to these stocks.

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

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