3 Likely Transportation Winners This Earnings Season
Zacks Investment Research | Apr 21, 2015 12:44AM ET
The transportation sector comprises players from multiple fields including airline companies, truckers, shipping companies and railroads. The sector has benefited immensely from the weakness in oil prices since oil costs form one of the major input costs for any transportation company.
The transportation sector performed exceedingly well in the fourth quarter of 2014, with 63.6% of the companies beating earnings estimates and an equal number coming ahead of revenue expectations. The sector is expected to continue its healthy performance in the first quarter of 2015 riding on an improving U.S. economy and low fuel costs. Total earnings for the sector are expected to grow 37.5% on 3.1% growth in revenues. So far, about 25% of the companies in the transportation sector have reported their first-quarter results, with 66.7% of them registering positive earnings surprises.
(For a detailed look at the earnings outlook for this sector and others, please read our Original post
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