Investors focused on the Transportation space have likely heard of Hub Group (HUBG), 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.
Hub Group is one of 144 companies in the Transportation group. The Transportation group currently sits at #14 within 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. HUBG is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for HUBG's full-year earnings has moved 15.14% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, HUBG has moved about 5.95% on a year-to-date basis. At the same time, Transportation stocks have gained an average of 1.27%. This means that Hub Group is outperforming the sector as a whole this year.
Breaking things down more, HUBG is a member of the Transportation - Services industry, which includes 24 individual companies and currently sits at #182 in the Zacks Industry Rank. Stocks in this group have gained about 3.67% so far this year, so HUBG is performing better this group in terms of year-to-date returns.
Investors with an interest in Transportation stocks should continue to track HUBG. The stock will be looking to continue its solid performance.
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