The Auto-Tires-Trucks group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Allison Transmission (ALSN) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Allison Transmission is a member of our Auto-Tires-Trucks group, which includes 101 different companies and currently sits at #9 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Allison Transmission is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ALSN's full-year earnings has moved 5.2% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, ALSN has moved about 85.8% on a year-to-date basis. In comparison, Auto-Tires-Trucks companies have returned an average of 23.7%. As we can see, Allison Transmission is performing better than its sector in the calendar year.
Another stock in the Auto-Tires-Trucks sector, Byd Co., Ltd. (BYDDY), has outperformed the sector so far this year. The stock's year-to-date return is 24%.
Over the past three months, Byd Co., Ltd.'s consensus EPS estimate for the current year has increased 12.3%. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Allison Transmission belongs to the Automotive - Original Equipment industry, a group that includes 51 individual stocks and currently sits at #150 in the Zacks Industry Rank. On average, this group has lost an average of 24.5% so far this year, meaning that ALSN is performing better in terms of year-to-date returns.
Byd Co., Ltd. however, belongs to the Automotive - Foreign industry. Currently, this 23-stock industry is ranked #176. The industry has moved -10.8% so far this year.
Going forward, investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to Allison Transmission and Byd Co., Ltd. as they could maintain their solid performance.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Allison Transmission Holdings, Inc. (ALSN) : Free Stock Analysis Report
Byd Co., Ltd. (BYDDY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。