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Is Frontline (FRO) Stock Outpacing Its Transportation Peers This Year?

Zacks Equity Research

Investors focused on the Transportation space have likely heard of Frontline (FRO), but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

Frontline is a member of our Transportation group, which includes 152 different companies and currently sits at #12 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. FRO is currently sporting a Zacks Rank of #1 (Strong Buy).

The Zacks Consensus Estimate for FRO's full-year earnings has moved 3.55% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

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Based on the latest available data, FRO has gained about 111.75% so far this year. Meanwhile, stocks in the Transportation group have gained about 11.73% on average. This means that Frontline is performing better than its sector in terms of year-to-date returns.

To break things down more, FRO belongs to the Transportation - Shipping industry, a group that includes 46 individual companies and currently sits at #91 in the Zacks Industry Rank. On average, this group has gained an average of 25.59% so far this year, meaning that FRO is performing better in terms of year-to-date returns.

Investors with an interest in Transportation stocks should continue to track FRO. The stock will be looking to continue its solid performance.


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