Has Atlas Air Worldwide Holdings (AAWW) Outpaced Other Transportation Stocks This Year?
Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Atlas Air Worldwide Holdings (AAWW) 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? 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.
Atlas Air Worldwide Holdings is a member of the Transportation sector. This group includes 144 individual stocks and currently holds a Zacks Sector Rank of #6. 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. AAWW is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for AAWW's full-year earnings has moved 10.52% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that AAWW has returned about 8.27% since the start of the calendar year. In comparison, Transportation companies have returned an average of 3.70%. As we can see, Atlas Air Worldwide Holdings is performing better than its sector in the calendar year.
Looking more specifically, AAWW belongs to the Transportation - Air Freight and Cargo industry, which includes 6 individual stocks and currently sits at #186 in the Zacks Industry Rank. Stocks in this group have gained about 3.83% so far this year, so AAWW is performing better this group in terms of year-to-date returns.
Going forward, investors interested in Transportation stocks should continue to pay close attention to AAWW as it looks to continue its solid performance.
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