Is Flex LNG (FLNG) Stock Outpacing Its Transportation Peers This Year?

Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Is Flex LNG (FLNG) 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.Flex LNG is a member of the Transportation sector. This group includes 122 individual stocks and currently holds a Zacks Sector Rank of #14. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.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. Flex LNG is currently sporting a Zacks Rank of #1 (Strong Buy).Over the past three months, the Zacks Consensus Estimate for FLNG's full-year earnings has moved 12.1% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.According to our latest data, FLNG has moved about 6.4% on a year-to-date basis. At the same time, Transportation stocks have lost an average of 7.8%. This means that Flex LNG is performing better than its sector in terms of year-to-date returns.Another Transportation stock, which has outperformed the sector so far this year, is LATAM (LTM). The stock has returned 37.8% year-to-date.For LATAM, the consensus EPS estimate for the current year has increased 22% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).Breaking things down more, Flex LNG is a member of the Transportation - Shipping industry, which includes 36 individual companies and currently sits at #186 in the Zacks Industry Rank. This group has gained an average of 0.5% so far this year, so FLNG is performing better in this area. LATAM, however, belongs to the Transportation - Airline industry. Currently, this 27-stock industry is ranked #57. The industry has moved -10.7% so far this year.Investors with an interest in Transportation stocks should continue to track Flex LNG and LATAM. These stocks will be looking to continue their solid performance.Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 256 positions with double- and triple-digit gains in 2024 alone.See Stocks Now >>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 Flex LNG Ltd. (FLNG): Free Stock Analysis Report Barclays PLC (BCS): Free Stock Analysis Report Cardinal Health, Inc. (CAH): Free Stock Analysis Report Jabil, Inc. (JBL): Free Stock Analysis Report Compania Cervecerias Unidas, S.A. (CCU): Free Stock Analysis Report Five Below, Inc. (FIVE): Free Stock Analysis Report Insteel Industries, Inc. (IIIN): Free Stock Analysis Report MasTec, Inc. (MTZ): Free Stock Analysis Report LATAM Airlines Group S.A. (LTM): Free Stock Analysis Report Fox Corporation (FOX): Free Stock Analysis Report MAG Silver Corporation (MAG): 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