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Is International Consolidated Airlines Group (ICAGY) Outperforming Other Transportation Stocks This Year?
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The Transportation group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has International Consolidated Airlines Group SA (ICAGY - 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.
International Consolidated Airlines Group SA is a member of the Transportation sector. This group includes 122 individual stocks and currently holds a Zacks Sector Rank of #13. 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 is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. International Consolidated Airlines Group SA is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ICAGY's full-year earnings has moved 3.1% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that ICAGY has returned about 33.1% since the start of the calendar year. At the same time, Transportation stocks have lost an average of 2.5%. This means that International Consolidated Airlines Group SA is outperforming the sector as a whole this year.
One other Transportation stock that has outperformed the sector so far this year is Grupo Aeroportuario del Centro Norte (OMAB - Free Report) . The stock is up 56.6% year-to-date.
The consensus estimate for Grupo Aeroportuario del Centro Norte's current year EPS has increased 5.3% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, International Consolidated Airlines Group SA is a member of the Transportation - Airline industry, which includes 25 individual companies and currently sits at #168 in the Zacks Industry Rank. Stocks in this group have gained about 5.6% so far this year, so ICAGY is performing better this group in terms of year-to-date returns.
In contrast, Grupo Aeroportuario del Centro Norte falls under the Transportation - Services industry. Currently, this industry has 23 stocks and is ranked #207. Since the beginning of the year, the industry has moved +0.3%.
Going forward, investors interested in Transportation stocks should continue to pay close attention to International Consolidated Airlines Group SA and Grupo Aeroportuario del Centro Norte as they could maintain their solid performance.
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Is International Consolidated Airlines Group (ICAGY) Outperforming 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 International Consolidated Airlines Group SA (ICAGY - 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.
International Consolidated Airlines Group SA is a member of the Transportation sector. This group includes 122 individual stocks and currently holds a Zacks Sector Rank of #13. 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 is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. International Consolidated Airlines Group SA is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ICAGY's full-year earnings has moved 3.1% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that ICAGY has returned about 33.1% since the start of the calendar year. At the same time, Transportation stocks have lost an average of 2.5%. This means that International Consolidated Airlines Group SA is outperforming the sector as a whole this year.
One other Transportation stock that has outperformed the sector so far this year is Grupo Aeroportuario del Centro Norte (OMAB - Free Report) . The stock is up 56.6% year-to-date.
The consensus estimate for Grupo Aeroportuario del Centro Norte's current year EPS has increased 5.3% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, International Consolidated Airlines Group SA is a member of the Transportation - Airline industry, which includes 25 individual companies and currently sits at #168 in the Zacks Industry Rank. Stocks in this group have gained about 5.6% so far this year, so ICAGY is performing better this group in terms of year-to-date returns.
In contrast, Grupo Aeroportuario del Centro Norte falls under the Transportation - Services industry. Currently, this industry has 23 stocks and is ranked #207. Since the beginning of the year, the industry has moved +0.3%.
Going forward, investors interested in Transportation stocks should continue to pay close attention to International Consolidated Airlines Group SA and Grupo Aeroportuario del Centro Norte as they could maintain their solid performance.