Investors interested in transport stocks should always look for the best performing companies in the group. USA Truck (USAK) is one stock that can certainly grab the attention of many investors, but does its recent performance compare favorably with the industry as a whole? A simple way to answer this question is to take a look at the performance since the start of the year of the USAK and the rest of the actions of the Transport group.
USA Truck is one of 139 companies in the Transport group. The Transport group is currently ranked 7th in the Zacks sector ranking. Zacks’ industry ranking considers 16 different industry groups. The average Zacks rank of individual stocks within groups is measured and sectors are ranked from best to worst.
Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that display the right characteristics to beat the market over the next one to three months. USAK currently sports a Zacks rank of # 1 (strong buy).
Over the past three months, Zacks’ consensus estimate for USAK’s annual earnings has risen 27.54%. This shows that analyst sentiment has improved and the company’s earnings outlook is stronger.
Our latest available data shows the USAK has returned around 71.67% since the start of the calendar year. At the same time, Transport shares gained an average of 5.35%. This means USA Truck is outperforming the industry as a whole this year.
To break it down further, USAK belongs to the Transportation Industry – Trucks, a group that includes 12 individual companies and currently sits 31st in the Zacks Industry Rankings. Shares in this group have gained around 22.30% so far this year, so USAK has performed better in this group in terms of return since the start of the year.
Going forward, investors interested in transportation stocks should continue to pay close attention to USAK, which looks to continue its strong performance.
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