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Is Grindrod Shipping Holdings (GRIN) Outperforming Other Transportation Stocks This Year?

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  • GRIN

Investors focused on the Transportation space have likely heard of Grindrod Shipping Holdings (GRIN), but is the stock performing well in comparison to the rest of its sector peers? 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.

Grindrod Shipping Holdings is one of 136 individual stocks in the Transportation sector. Collectively, these companies sit at #4 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

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. GRIN is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for GRIN's full-year earnings has moved 320.73% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

According to our latest data, GRIN has moved about 169.52% on a year-to-date basis. Meanwhile, stocks in the Transportation group have gained about 9.38% on average. This means that Grindrod Shipping Holdings is performing better than its sector in terms of year-to-date returns.

Looking more specifically, GRIN belongs to the Transportation - Shipping industry, a group that includes 42 individual stocks and currently sits at #99 in the Zacks Industry Rank. Stocks in this group have gained about 47.64% so far this year, so GRIN is performing better this group in terms of year-to-date returns.

GRIN will likely be looking to continue its solid performance, so investors interested in Transportation stocks should continue to pay close attention to the company.


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