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Is FedEx (FDX) Stock Outpacing Its Transportation Peers This Year?
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Investors focused on the Transportation space have likely heard of FedEx (FDX - Free Report) , 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.
FedEx is one of 145 companies in the Transportation group. The Transportation group currently sits at #13 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 is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. FDX is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for FDX's full-year earnings has moved 2.14% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, FDX has moved about 6.02% on a year-to-date basis. Meanwhile, stocks in the Transportation group have gained about 2.43% on average. This means that FedEx is outperforming the sector as a whole this year.
Looking more specifically, FDX belongs to the Transportation - Air Freight and Cargo industry, which includes 6 individual stocks and currently sits at #62 in the Zacks Industry Rank. On average, this group has gained an average of 2.30% so far this year, meaning that FDX is performing better in terms of year-to-date returns.
Going forward, investors interested in Transportation stocks should continue to pay close attention to FDX as it looks to continue its solid performance.
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Is FedEx (FDX) Stock Outpacing Its Transportation Peers This Year?
Investors focused on the Transportation space have likely heard of FedEx (FDX - Free Report) , 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.
FedEx is one of 145 companies in the Transportation group. The Transportation group currently sits at #13 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 is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. FDX is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for FDX's full-year earnings has moved 2.14% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, FDX has moved about 6.02% on a year-to-date basis. Meanwhile, stocks in the Transportation group have gained about 2.43% on average. This means that FedEx is outperforming the sector as a whole this year.
Looking more specifically, FDX belongs to the Transportation - Air Freight and Cargo industry, which includes 6 individual stocks and currently sits at #62 in the Zacks Industry Rank. On average, this group has gained an average of 2.30% so far this year, meaning that FDX is performing better in terms of year-to-date returns.
Going forward, investors interested in Transportation stocks should continue to pay close attention to FDX as it looks to continue its solid performance.