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Is General Motors (GM) Stock Outpacing Its Auto-Tires-Trucks Peers This Year?
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Investors focused on the Auto-Tires-Trucks space have likely heard of General Motors (GM - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Auto-Tires-Trucks peers, we might be able to answer that question.
General Motors is one of 77 companies in the Auto-Tires-Trucks group. The Auto-Tires-Trucks group currently sits at #13 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. GM is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for GM's full-year earnings has moved 3.13% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, GM has moved about 7.12% on a year-to-date basis. Meanwhile, stocks in the Auto-Tires-Trucks group have gained about 1.82% on average. This means that General Motors is outperforming the sector as a whole this year.
Looking more specifically, GM belongs to the Automotive - Domestic industry, which includes 8 individual stocks and currently sits at #71 in the Zacks Industry Rank. On average, this group has gained an average of 4.84% so far this year, meaning that GM is performing better in terms of year-to-date returns.
Going forward, investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to GM as it looks to continue its solid performance.
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Is General Motors (GM) Stock Outpacing Its Auto-Tires-Trucks Peers This Year?
Investors focused on the Auto-Tires-Trucks space have likely heard of General Motors (GM - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Auto-Tires-Trucks peers, we might be able to answer that question.
General Motors is one of 77 companies in the Auto-Tires-Trucks group. The Auto-Tires-Trucks group currently sits at #13 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. GM is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for GM's full-year earnings has moved 3.13% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, GM has moved about 7.12% on a year-to-date basis. Meanwhile, stocks in the Auto-Tires-Trucks group have gained about 1.82% on average. This means that General Motors is outperforming the sector as a whole this year.
Looking more specifically, GM belongs to the Automotive - Domestic industry, which includes 8 individual stocks and currently sits at #71 in the Zacks Industry Rank. On average, this group has gained an average of 4.84% so far this year, meaning that GM is performing better in terms of year-to-date returns.
Going forward, investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to GM as it looks to continue its solid performance.