Are Transportation Stocks Lagging Ardmore Shipping (ASC) This Year?

The Transportation group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Ardmore Shipping (ASC) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Transportation sector should help us answer this question.Ardmore Shipping is one of 121 individual stocks in the Transportation sector. Collectively, these companies sit at #11 in 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Ardmore Shipping is currently sporting a Zacks Rank of #2 (Buy).Within the past quarter, the Zacks Consensus Estimate for ASC's full-year earnings has moved 2.6% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.Based on the most recent data, ASC has returned 7.3% so far this year. In comparison, Transportation companies have returned an average of -5.8%. This means that Ardmore Shipping is outperforming the sector as a whole this year.Another stock in the Transportation sector, Central Japan Railway Co. (CJPRY), has outperformed the sector so far this year. The stock's year-to-date return is 51.2%.Over the past three months, Central Japan Railway Co.'s consensus EPS estimate for the current year has increased 3.2%. The stock currently has a Zacks Rank #2 (Buy).Breaking things down more, Ardmore Shipping is a member of the Transportation - Shipping industry, which includes 37 individual companies and currently sits at #167 in the Zacks Industry Rank. On average, this group has gained an average of 9.3% so far this year, meaning that ASC is slightly underperforming its industry in terms of year-to-date returns. In contrast, Central Japan Railway Co. falls under the Transportation - Rail industry. Currently, this industry has 9 stocks and is ranked #49. Since the beginning of the year, the industry has moved +0.3%.Ardmore Shipping and Central Japan Railway Co. could continue their solid performance, so investors interested in Transportation stocks should continue to pay close attention to these stocks.3 Stocks Poised to Lead the AI Software RaceThe software market is expected to witness a remarkable growth trajectory worldwide. Advancements in AI, increased demand for cybersecurity, and the rapid expansion of automation and robotics is offering investors an opportunity to unlock significant growth right now.Which software stocks will soar? Which will fizzle out? Find out in our urgent special report, Software is Eating the World. It examines where the software industry stands now and reveals three favorite software stocks to ownAccess the report free today >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ardmore Shipping Corporation (ASC): Free Stock Analysis Report Central Japan Railway Co. (CJPRY): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks