Is United Continental Holdings (UAL) Stock Outpacing Its Transportation Peers This Year?
The Transportation group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is United Continental Holdings (UAL) one of those stocks right now? 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.
United Continental Holdings is one of 149 individual stocks in the Transportation sector. Collectively, these companies sit at #9 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. UAL is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for UAL's full-year earnings has moved 3.64% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, UAL has returned 29.72% so far this year. At the same time, Transportation stocks have lost an average of 4.42%. This means that United Continental Holdings is performing better than its sector in terms of year-to-date returns.
To break things down more, UAL belongs to the Transportation - Airline industry, a group that includes 28 individual companies and currently sits at #237 in the Zacks Industry Rank. On average, stocks in this group have lost 17.49% this year, meaning that UAL is performing better in terms of year-to-date returns.
Investors with an interest in Transportation stocks should continue to track UAL. The stock will be looking to continue its solid performance.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
United Continental Holdings, Inc. (UAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
