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Is Hub Group (HUBG) Stock Outpacing Its Transportation Peers This Year?

Zacks Equity Research
Ranger Energy Services, Inc. (RNGR) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

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? 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.

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

Over the past 90 days, the Zacks Consensus Estimate for HUBG's full-year earnings has moved 15.14% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Based on the latest available data, HUBG has gained about 5.95% so far this year. Meanwhile, stocks in the Transportation group have gained about 1.27% on average. This shows that Hub Group is outperforming its peers so far this year.

Looking more specifically, HUBG belongs to the Transportation - Services industry, which includes 24 individual stocks 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.

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


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