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Is Allison Transmission Holdings (ALSN) Outperforming Other Auto-Tires-Trucks Stocks This Year?
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Investors interested in Auto-Tires-Trucks stocks should always be looking to find the best-performing companies in the group. Allison Transmission Holdings (ALSN - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of ALSN and the rest of the Auto-Tires-Trucks group's stocks.
Allison Transmission Holdings is one of 82 individual stocks in the Auto-Tires-Trucks sector. Collectively, these companies sit at #13 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. ALSN is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for ALSN's full-year earnings has moved 11.33% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, ALSN has moved about 14.09% on a year-to-date basis. Meanwhile, stocks in the Auto-Tires-Trucks group have lost about 20.03% on average. As we can see, Allison Transmission Holdings is performing better than its sector in the calendar year.
Looking more specifically, ALSN belongs to the Automotive - Original Equipment industry, a group that includes 41 individual stocks and currently sits at #177 in the Zacks Industry Rank. On average, stocks in this group have lost 18.65% this year, meaning that ALSN 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 ALSN as it looks to continue its solid performance.
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Is Allison Transmission Holdings (ALSN) Outperforming Other Auto-Tires-Trucks Stocks This Year?
Investors interested in Auto-Tires-Trucks stocks should always be looking to find the best-performing companies in the group. Allison Transmission Holdings (ALSN - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of ALSN and the rest of the Auto-Tires-Trucks group's stocks.
Allison Transmission Holdings is one of 82 individual stocks in the Auto-Tires-Trucks sector. Collectively, these companies sit at #13 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. ALSN is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for ALSN's full-year earnings has moved 11.33% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, ALSN has moved about 14.09% on a year-to-date basis. Meanwhile, stocks in the Auto-Tires-Trucks group have lost about 20.03% on average. As we can see, Allison Transmission Holdings is performing better than its sector in the calendar year.
Looking more specifically, ALSN belongs to the Automotive - Original Equipment industry, a group that includes 41 individual stocks and currently sits at #177 in the Zacks Industry Rank. On average, stocks in this group have lost 18.65% this year, meaning that ALSN 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 ALSN as it looks to continue its solid performance.