Published on 7 Jun 2023 on Zacks via Yahoo Finance
Textainer Group Holdings Limited (TGH) Hits Fresh High: Is There Still Room to Run?
Have you been paying attention to shares of Textainer Group (TGH)? Shares have been on the move with the stock up 8.8% over the past month. The stock hit a new 52-week high of $38.27 in the previous session. Textainer Group has gained 23% since the start of the year compared to the 4.1% move for the Zacks Transportation sector and the 1.5% return for the Zacks Transportation - Equipment and Leasing industry.
What's Driving the Outperformance?
The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on May 2, 2023, Textainer reported EPS of $1.22 versus consensus estimate of $1.21.