Back to top
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Grupo Aeroportuario del Sureste, S.A. de C.V. (ASR) - free report >>
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties. You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies. In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Grupo Aeroportuario del Sureste, S.A. de C.V. (ASR) - free report >>
Image: Bigstock
Has Allegiant (ALGT) Outpaced Other Transportation Stocks This Year?
The Transportation group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Allegiant Travel (ALGT - Free Report) been one of those stocks this year? 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.
Allegiant Travel is a member of the Transportation sector. This group includes 132 individual stocks and currently holds a Zacks Sector Rank of #11. 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 is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Allegiant Travel is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for ALGT's full-year earnings has moved 51.1% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, ALGT has returned 65.6% so far this year. At the same time, Transportation stocks have gained an average of 5.6%. As we can see, Allegiant Travel is performing better than its sector in the calendar year.
One other Transportation stock that has outperformed the sector so far this year is Grupo Aeroportuario del Sureste (ASR - Free Report) . The stock is up 24.3% year-to-date.
Over the past three months, Grupo Aeroportuario del Sureste's consensus EPS estimate for the current year has increased 18.2%. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Allegiant Travel belongs to the Transportation - Airline industry, a group that includes 29 individual companies and currently sits at #56 in the Zacks Industry Rank. On average, this group has gained an average of 22% so far this year, meaning that ALGT is performing better in terms of year-to-date returns.
In contrast, Grupo Aeroportuario del Sureste falls under the Transportation - Services industry. Currently, this industry has 28 stocks and is ranked #79. Since the beginning of the year, the industry has moved +3.9%.
Going forward, investors interested in Transportation stocks should continue to pay close attention to Allegiant Travel and Grupo Aeroportuario del Sureste as they could maintain their solid performance.