Is Star Bulk Carriers (SBLK) Stock Outpacing Its Transportation Peers This Year?
Investors focused on the Transportation space have likely heard of Star Bulk Carriers (SBLK), 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.
Star Bulk Carriers is a member of our Transportation group, which includes 136 different companies and currently sits at #3 in the Zacks Sector Rank. 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 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. SBLK is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for SBLK's full-year earnings has moved 11.16% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, SBLK has moved about 167.50% on a year-to-date basis. Meanwhile, the Transportation sector has returned an average of 5.92% on a year-to-date basis. As we can see, Star Bulk Carriers is performing better than its sector in the calendar year.
Looking more specifically, SBLK belongs to the Transportation - Shipping industry, which includes 42 individual stocks and currently sits at #77 in the Zacks Industry Rank. On average, stocks in this group have gained 67.34% this year, meaning that SBLK is performing better in terms of year-to-date returns.
Investors with an interest in Transportation stocks should continue to track SBLK. The stock will be looking to continue its solid performance.
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Star Bulk Carriers Corp. (SBLK) : Free Stock Analysis Report
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