Having robust dividends, the positive earning forecasts for several transportation stocks have garnered attention.
Moreover, these leading transportation stocks boast beta ratios below the preferred risk threshold of 1.0, indicating potential stability relative to the broader market.
High-Flying Performer: C.H. Robinson Worldwide (CHRW)
Holding a Zacks Rank #1 (Strong Buy), C.H. Robinson Worldwide, a third-party logistics operator, demonstrates consistent revenue growth with sales estimates nearing $18 billion. The company’s anticipated earnings surge by 25% in fiscal 2024 and an additional 12% in FY25 to $4.62 per share is quite enticing.
Notably, over the last 60 days, EPS projections for FY24 and FY25 have spiked by 15% and 11% respectively, aligning with the trend of positive earnings forecast revisions.
Earnings Rising: Euroseas (ESEA)
Also holding a Zacks Rank #1 (Strong Buy), Euroseas specializes in the dry cargo, dry bulk, and container shipping sectors. With EPS estimates soaring in the past 60 days, the company, despite an expected dip in its bottom line post a record year, trades at an attractive P/E multiple of 3.2X.
Euroseas currently offers a substantial 5.61% annual dividend, outperforming the benchmark with a dividend yield close to its industry average of 5.85%.
Innovative Player: Cool Company (CLCO)
Presenting a Zacks Rank #2 (Buy), Cool Company, a fuel-efficient liquified natural gas carrier operator that went public in 2022, appears undervalued at 5.7X forward earnings. With a tempting 14% dividend, the company showcases a low beta ratio of 0.43 and a narrow 52-week trading range of $10.07-$14.04.
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Similar to Euroseas, Cool Company’s earnings are anticipated to decrease following a record year; nevertheless, earnings forecasts for FY24 have risen by 9% in the last 30 days, with FY25 EPS estimates up by 8%.
In Summary
The upward trend in earnings estimates indicates a promising trajectory for these top transportation stocks, suggesting potential upside from current levels. Coupled with their attractive dividends, now presents an opportune moment to consider investment in these promising stocks.
Stocks Poised for Growth
Handpicked as potential winners looking to gain over 100% in 2024, these stocks offer a compelling opportunity. While not all recommendations may pan out, previous picks have shown remarkable returns of +143.0%, +175.9%, +498.3%, and +673.0%.
Most of these selections have flown under the radar on Wall Street, offering an excellent chance to get in early.
Explore These 5 Potential Home Runs Today >>
Free Stock Analysis Report: C.H. Robinson Worldwide, Inc. (CHRW)
Free Stock Analysis Report: Euroseas Ltd. (ESEA)
Free Stock Analysis Report: Cool Company Ltd. (CLCO)
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The opinions voiced in this content are those of the writer and do not necessarily reflect the views of Nasdaq, Inc.
