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.
Is Dorian LPG (LPG) Outperforming Other Transportation Stocks This Year?
Read MoreHide Full Article
Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Dorian LPG (LPG - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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.
Dorian LPG is one of 122 companies in the Transportation group. The Transportation group currently sits at #14 within the Zacks Sector Rank. 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. Dorian LPG is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for LPG's full-year earnings has moved 83.6% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that LPG has returned about 11.1% since the start of the calendar year. In comparison, Transportation companies have returned an average of -8.6%. This means that Dorian LPG is outperforming the sector as a whole this year.
One other Transportation stock that has outperformed the sector so far this year is SkyWest (SKYW - Free Report) . The stock is up 9% year-to-date.
For SkyWest, the consensus EPS estimate for the current year has increased 6.2% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Dorian LPG is a member of the Transportation - Shipping industry, which includes 38 individual companies and currently sits at #155 in the Zacks Industry Rank. On average, this group has lost an average of 2.7% so far this year, meaning that LPG is performing better in terms of year-to-date returns.
SkyWest, however, belongs to the Transportation - Airline industry. Currently, this 25-stock industry is ranked #89. The industry has moved +0.3% so far this year.
Going forward, investors interested in Transportation stocks should continue to pay close attention to Dorian LPG and SkyWest as they could maintain their solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Dorian LPG (LPG) Outperforming Other Transportation Stocks This Year?
Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Dorian LPG (LPG - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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.
Dorian LPG is one of 122 companies in the Transportation group. The Transportation group currently sits at #14 within the Zacks Sector Rank. 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. Dorian LPG is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for LPG's full-year earnings has moved 83.6% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that LPG has returned about 11.1% since the start of the calendar year. In comparison, Transportation companies have returned an average of -8.6%. This means that Dorian LPG is outperforming the sector as a whole this year.
One other Transportation stock that has outperformed the sector so far this year is SkyWest (SKYW - Free Report) . The stock is up 9% year-to-date.
For SkyWest, the consensus EPS estimate for the current year has increased 6.2% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Dorian LPG is a member of the Transportation - Shipping industry, which includes 38 individual companies and currently sits at #155 in the Zacks Industry Rank. On average, this group has lost an average of 2.7% so far this year, meaning that LPG is performing better in terms of year-to-date returns.
SkyWest, however, belongs to the Transportation - Airline industry. Currently, this 25-stock industry is ranked #89. The industry has moved +0.3% so far this year.
Going forward, investors interested in Transportation stocks should continue to pay close attention to Dorian LPG and SkyWest as they could maintain their solid performance.