Is Central Japan Railway Co. (CJPRY) Outperforming Other Transportation Stocks 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. Is Central Japan Railway Co. (CJPRY) one of those stocks right now? 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.Central Japan Railway Co. is one of 122 companies in the Transportation group. The Transportation group currently sits at #12 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Central Japan Railway Co. is currently sporting a Zacks Rank of #2 (Buy).Over the past three months, the Zacks Consensus Estimate for CJPRY's full-year earnings has moved 3.2% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.Based on the latest available data, CJPRY has gained about 53.6% so far this year. Meanwhile, stocks in the Transportation group have lost about 4.9% on average. This means that Central Japan Railway Co. is performing better than its sector in terms of year-to-date returns.Okeanis Eco Tankers Corp. (ECO) is another Transportation stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 38.5%.For Okeanis Eco Tankers Corp., the consensus EPS estimate for the current year has increased 55.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).Looking more specifically, Central Japan Railway Co. belongs to the Transportation - Rail industry, which includes 9 individual stocks and currently sits at #153 in the Zacks Industry Rank. On average, stocks in this group have gained 5.3% this year, meaning that CJPRY is performing better in terms of year-to-date returns. On the other hand, Okeanis Eco Tankers Corp. belongs to the Transportation - Shipping industry. This 39-stock industry is currently ranked #58. The industry has moved +4.4% year to date.Investors with an interest in Transportation stocks should continue to track Central Japan Railway Co. and Okeanis Eco Tankers Corp.. These stocks will be looking to continue their solid performance.Free Report: Profiting from the 2nd Wave of AI ExplosionThe next phase of the AI explosion is poised to create significant wealth for investors, especially those who get in early. It will add literally trillion of dollars to the economy and revolutionize nearly every part of our lives.Investors who bought shares like Nvidia at the right time have had a shot at huge gains.But the rocket ride in the "first wave" of AI stocks may soon come to an end. The sharp upward trajectory of these stocks will begin to level off, leaving exponential growth to a new wave of cutting-edge companies.Zacks' AI Boom 2.0: The Second Wave report reveals 4 under-the-radar companies that may soon be shining stars of AI’s next leap forward.Access AI Boom 2.0 now, absolutely free >>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 Central Japan Railway Co. (CJPRY): Free Stock Analysis Report Okeanis Eco Tankers Corp. (ECO): 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