Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Has Okeanis Eco Tankers Corp. (ECO) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Okeanis Eco Tankers Corp. is a member of our Transportation group, which includes 100 different companies and currently sits at #11 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 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. Okeanis Eco Tankers Corp. is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for ECO's full-year earnings has moved 74% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, ECO has returned 43.3% so far this year. At the same time, Transportation stocks have gained an average of 8.4%. This means that Okeanis Eco Tankers Corp. is performing better than its sector in terms of year-to-date returns.
Another stock in the Transportation sector, Nordic American Tankers (NAT), has outperformed the sector so far this year. The stock's year-to-date return is 66%.
For Nordic American Tankers, the consensus EPS estimate for the current year has increased 81% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Okeanis Eco Tankers Corp. belongs to the Transportation - Shipping industry, a group that includes 22 individual companies and currently sits at #49 in the Zacks Industry Rank. On average, this group has gained an average of 35.6% so far this year, meaning that ECO is performing better in terms of year-to-date returns. Nordic American Tankers is also part of the same industry.
Okeanis Eco Tankers Corp. and Nordic American Tankers could continue their solid performance, so investors interested in Transportation stocks should continue to pay close attention to these stocks.
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Okeanis Eco Tankers Corp. (ECO): Free Stock Analysis Report
Nordic American Tankers Limited (NAT): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).