Group 1 - Knot Offshore (KNOP) is part of the Transportation group, which consists of 131 companies and currently ranks 16 within the Zacks Sector Rank [2] - The Zacks Rank system focuses on earnings estimates and revisions, with Knot Offshore holding a Zacks Rank of 2 (Buy) and a 6% increase in the consensus estimate for its full-year earnings over the past quarter [3] - Year-to-date, Knot Offshore has gained approximately 9.9%, outperforming the average gain of 1.1% for the Transportation group [4] Group 2 - Knot Offshore belongs to the Transportation - Shipping industry, which includes 42 stocks and is currently ranked 249 in the Zacks Industry Rank, while the average loss for this group is 12.4% this year [5] - Viking Holdings (VIK), another Transportation stock, has also outperformed the sector with a return of 10.1% year-to-date, and it has a Zacks Rank of 2 (Buy) with a 10.7% increase in its current year EPS estimate over the past three months [4][5] - The Transportation - Truck industry, which includes Viking Holdings, is ranked 236 and has experienced a decline of 18.6% this year [6]
Has KNOT Offshore Partners (KNOP) Outpaced Other Transportation Stocks This Year?