Is PowerFleet (PWFL) Stock Outpacing Its Transportation Peers This Year?

Group 1 - PowerFleet (PWFL) is a notable stock in the Transportation sector, currently outperforming its peers with a year-to-date return of 60.2% compared to the sector average of 0.3% [4] - The Zacks Rank for PowerFleet is 2 (Buy), indicating a positive outlook based on earnings estimates and revisions, with a 300% increase in the consensus estimate for full-year earnings over the past quarter [3] - PowerFleet belongs to the Transportation - Services industry, which has an average loss of 5.8% this year, further highlighting its strong performance relative to its industry [5] Group 2 - Tsakos Energy (TNP) is another Transportation stock that has shown strong performance, with a year-to-date return of 30.1% and a Zacks Rank of 1 (Strong Buy) [4][5] - The Transportation group is ranked 12 within the Zacks Sector Rank, which includes 16 different groups [2] - The Transportation - Shipping industry, where Tsakos Energy operates, has seen a 17.5% increase since the beginning of the year, indicating a positive trend within that segment [6]