5 Transportation Stocks Likely To Top Q3 Earnings Estimates

A successful holiday season for the abovementioned companies are likely to boost their stock prices as well. This, in turn, is a positive for the entire transportation sector.

How to Pick Likely Q3 Winners?

Despite the overall gloomy scenario, the aforesaid factors clearly suggest that all is not lost for transports. There exist few hidden gems in the space that investors can unearth as they have the potential to generate handsome returns.

However, given the vastness of the transportation space and the current issues, it is by no means an easy task to identify the attractive picks. This is where our proprietary model comes to the rescue.

According to our model, stocks that have a favorable Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) and a positive Earnings ESP are likely to outperform. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

More often than not, a positive earnings surprise delivered by a company leads to stock price appreciation. Earnings ESP is our proprietary methodology for identifying stocks that have high chances of surprising with their upcoming earnings announcement. It shows the percentage difference between the Most Accurate estimate and the Zacks Consensus Estimate. Our research shows that for stocks with this combination have chances of a positive earnings surprise is as high as 70%.  

Our choices

Based on the above methodology, we have zeroed in on five transportation stocks that are likely to beat the Zacks Consensus Estimate in Q3.

SkyWest Inc. (SKYW - Free Report) operates as a regional airline in the United States through its subsidiaries. The carrier has an Earnings ESP of +1.03% as the Zacks Consensus Estimate pegged at 98 cent, comes in a penny lower than the Most Accurate estimate. This Zacks Rank #3 carrier will unveil its Q3 results on Oct 25. You can see the complete list of today’s Zacks #1 Rank stocks here.

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Disclosure: Zacks.com contains statements and statistics that have been obtained from sources believed to be reliable but are not guaranteed as to accuracy or completeness. References to any specific ...

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