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.
Are Transportation Stocks Lagging Cool Company Ltd. (CLCO) This Year?
Read MoreHide Full Article
For those looking to find strong Transportation stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Cool Company Ltd. (CLCO - Free Report) been one of those stocks this year? 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.
Cool Company Ltd. is a member of the Transportation sector. This group includes 122 individual stocks and currently holds a Zacks Sector Rank of #15. 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 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. Cool Company Ltd. is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CLCO's full-year earnings has moved 25.8% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, CLCO has moved about 21.3% on a year-to-date basis. Meanwhile, stocks in the Transportation group have lost about 5.7% on average. As we can see, Cool Company Ltd. is performing better than its sector in the calendar year.
Another stock in the Transportation sector, International Consolidated Airlines Group SA (ICAGY - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 41.9%.
Over the past three months, International Consolidated Airlines Group SA's consensus EPS estimate for the current year has increased 21.5%. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Cool Company Ltd. is a member of the Transportation - Shipping industry, which includes 39 individual companies and currently sits at #77 in the Zacks Industry Rank. On average, stocks in this group have gained 5.2% this year, meaning that CLCO is performing better in terms of year-to-date returns.
In contrast, International Consolidated Airlines Group SA falls under the Transportation - Airline industry. Currently, this industry has 26 stocks and is ranked #152. Since the beginning of the year, the industry has moved +4.8%.
Going forward, investors interested in Transportation stocks should continue to pay close attention to Cool Company Ltd. and International Consolidated Airlines Group SA 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
Are Transportation Stocks Lagging Cool Company Ltd. (CLCO) 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 Cool Company Ltd. (CLCO - Free Report) been one of those stocks this year? 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.
Cool Company Ltd. is a member of the Transportation sector. This group includes 122 individual stocks and currently holds a Zacks Sector Rank of #15. 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 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. Cool Company Ltd. is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CLCO's full-year earnings has moved 25.8% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, CLCO has moved about 21.3% on a year-to-date basis. Meanwhile, stocks in the Transportation group have lost about 5.7% on average. As we can see, Cool Company Ltd. is performing better than its sector in the calendar year.
Another stock in the Transportation sector, International Consolidated Airlines Group SA (ICAGY - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 41.9%.
Over the past three months, International Consolidated Airlines Group SA's consensus EPS estimate for the current year has increased 21.5%. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Cool Company Ltd. is a member of the Transportation - Shipping industry, which includes 39 individual companies and currently sits at #77 in the Zacks Industry Rank. On average, stocks in this group have gained 5.2% this year, meaning that CLCO is performing better in terms of year-to-date returns.
In contrast, International Consolidated Airlines Group SA falls under the Transportation - Airline industry. Currently, this industry has 26 stocks and is ranked #152. Since the beginning of the year, the industry has moved +4.8%.
Going forward, investors interested in Transportation stocks should continue to pay close attention to Cool Company Ltd. and International Consolidated Airlines Group SA as they could maintain their solid performance.