Investors focused on the Transportation space have likely heard of JetBlue Airways (JBLU), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of JBLU and the rest of the Transportation group's stocks.
JetBlue Airways is one of 149 individual stocks in the Transportation sector. Collectively, these companies sit at #2 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. JBLU is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for JBLU's full-year earnings has moved 27.26% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, JBLU has gained about 9.34% so far this year. At the same time, Transportation stocks have gained an average of 17.71%. This means that JetBlue Airways is outperforming the sector as a whole this year.
Looking more specifically, JBLU belongs to the Transportation - Airline industry, a group that includes 28 individual stocks and currently sits at #8 in the Zacks Industry Rank. This group has gained an average of 9.42% so far this year, so JBLU is slightly underperforming its industry in this area.
Investors in the Transportation sector will want to keep a close eye on JBLU as it attempts to continue its solid performance.
JetBlue Airways Corporation (JBLU): Free Stock Analysis Report
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Zacks Investment Research