For those looking to find strong Transportation stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Euroseas Ltd. (ESEA) been one of those stocks this year? 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.
Euroseas Ltd. is a member of the Transportation sector. This group includes 110 individual stocks and currently holds a Zacks Sector Rank of #1. 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. Euroseas Ltd. is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for ESEA's full-year earnings has moved 4.4% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, ESEA has moved about 33.6% on a year-to-date basis. Meanwhile, the Transportation sector has returned an average of 18.1% on a year-to-date basis. As we can see, Euroseas Ltd. is performing better than its sector in the calendar year.
Another Transportation stock, which has outperformed the sector so far this year, is DHL Group Sponsored ADR (DHLGY). The stock has returned 19.1% year-to-date.
For DHL Group Sponsored ADR, the consensus EPS estimate for the current year has increased 4.7% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Euroseas Ltd. belongs to the Transportation - Shipping industry, a group that includes 28 individual stocks and currently sits at #45 in the Zacks Industry Rank. On average, this group has gained an average of 45% so far this year, meaning that ESEA is slightly underperforming its industry in terms of year-to-date returns.
On the other hand, DHL Group Sponsored ADR belongs to the Transportation - Services industry. This 20-stock industry is currently ranked #81. The industry has moved +14% year to date.
Investors with an interest in Transportation stocks should continue to track Euroseas Ltd. and DHL Group Sponsored ADR. These stocks will be looking to continue their solid performance.
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Euroseas Ltd. (ESEA): Free Stock Analysis Report
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This article originally published on Zacks Investment Research (zacks.com).