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Is Radiant Logistics (RLGT) Outperforming Other Transportation Stocks This Year?
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For those looking to find strong Transportation stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Radiant Logistics (RLGT - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Radiant Logistics is one of 156 companies in the Transportation group. The Transportation group currently sits at #11 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. RLGT is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for RLGT's full-year earnings has moved 4% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, RLGT has moved about 23.29% on a year-to-date basis. In comparison, Transportation companies have returned an average of 16.20%. This means that Radiant Logistics is outperforming the sector as a whole this year.
Breaking things down more, RLGT is a member of the Transportation - Air Freight and Cargo industry, which includes 6 individual companies and currently sits at #99 in the Zacks Industry Rank. On average, this group has gained an average of 21.07% so far this year, meaning that RLGT is performing better in terms of year-to-date returns.
RLGT will likely be looking to continue its solid performance, so investors interested in Transportation stocks should continue to pay close attention to the company.
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Is Radiant Logistics (RLGT) Outperforming Other Transportation Stocks This Year?
For those looking to find strong Transportation stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Radiant Logistics (RLGT - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Radiant Logistics is one of 156 companies in the Transportation group. The Transportation group currently sits at #11 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. RLGT is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for RLGT's full-year earnings has moved 4% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, RLGT has moved about 23.29% on a year-to-date basis. In comparison, Transportation companies have returned an average of 16.20%. This means that Radiant Logistics is outperforming the sector as a whole this year.
Breaking things down more, RLGT is a member of the Transportation - Air Freight and Cargo industry, which includes 6 individual companies and currently sits at #99 in the Zacks Industry Rank. On average, this group has gained an average of 21.07% so far this year, meaning that RLGT is performing better in terms of year-to-date returns.
RLGT will likely be looking to continue its solid performance, so investors interested in Transportation stocks should continue to pay close attention to the company.