Investors focused on the Transportation space have likely heard of Radiant Logistics (RLGT), but is the stock performing well in comparison to the rest of its sector peers? 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.
Radiant Logistics is one of 149 companies in the Transportation group. The Transportation group currently sits at #3 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. RLGT is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for RLGT's full-year earnings has moved 6.82% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, RLGT has moved about 39.06% on a year-to-date basis. Meanwhile, the Transportation sector has returned an average of 11.71% on a year-to-date basis. This shows that Radiant Logistics is outperforming its peers so far this year.
To break things down more, RLGT belongs to the Transportation - Air Freight and Cargo industry, a group that includes 6 individual companies and currently sits at #100 in the Zacks Industry Rank. Stocks in this group have gained about 10.55% so far this year, so RLGT is performing better this group in terms of year-to-date returns.
Going forward, investors interested in Transportation stocks should continue to pay close attention to RLGT as it looks to continue its solid performance.
Radiant Logistics, Inc. (RLGT): Free Stock Analysis Report
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Zacks Investment Research