Company Overview - Knot Offshore (KNOP) is a notable stock within the Transportation sector, which consists of 131 individual stocks and ranks 15 in the Zacks Sector Rank [2] - The company currently holds a Zacks Rank of 2 (Buy), indicating a favorable outlook based on earnings estimates and revisions [3] Performance Analysis - Year-to-date, Knot Offshore has returned approximately 13.9%, significantly outperforming the Transportation sector's average return of -3.5% [4] - Another stock in the Transportation sector, Freightcar America (RAIL), has also shown strong performance with a year-to-date return of 14% [4] Earnings Estimates - The Zacks Consensus Estimate for Knot Offshore's full-year earnings has increased by 6% over the past three months, reflecting improved analyst sentiment [3] - In comparison, Freightcar America's current year EPS estimate has risen by 3.5% during the same period [5] Industry Context - Knot Offshore is part of the Transportation - Shipping industry, which includes 42 individual companies and currently ranks 233 in the Zacks Industry Rank [5]
Are Transportation Stocks Lagging KNOT Offshore Partners (KNOP) This Year?