Is Danaos (DAC) 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 Danaos (DAC) 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.Danaos is a member of the Transportation sector. This group includes 131 individual stocks and currently holds a Zacks Sector Rank of #15. 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 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. Danaos is currently sporting a Zacks Rank of #1 (Strong Buy).Over the past 90 days, the Zacks Consensus Estimate for DAC's full-year earnings has moved 7.3% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.Our latest available data shows that DAC has returned about 3.5% since the start of the calendar year. In comparison, Transportation companies have returned an average of -2.8%. This means that Danaos is performing better than its sector in terms of year-to-date returns.One other Transportation stock that has outperformed the sector so far this year is Global Ship Lease (GSL). The stock is up 3.9% year-to-date.The consensus estimate for Global Ship Lease's current year EPS has increased 11.3% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).Looking more specifically, Danaos belongs to the Transportation - Shipping industry, a group that includes 42 individual stocks and currently sits at #233 in the Zacks Industry Rank. On average, this group has gained an average of 8.2% so far this year, meaning that DAC is slightly underperforming its industry in terms of year-to-date returns. Global Ship Lease is also part of the same industry.Going forward, investors interested in Transportation stocks should continue to pay close attention to Danaos and Global Ship Lease as they could maintain their solid performance.Research Chief Names "Single Best Pick to Double"From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant 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 Danaos Corporation (DAC): Free Stock Analysis Report Global Ship Lease, Inc. (GSL): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks