The Auto-Tires-Trucks group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Cummins (CMI - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Cummins is a member of the Auto-Tires-Trucks sector. This group includes 109 individual stocks and currently holds a Zacks Sector Rank of #10. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. CMI is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CMI's full-year earnings has moved 15.14% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that CMI has returned about 7.12% since the start of the calendar year. Meanwhile, the Auto-Tires-Trucks sector has returned an average of 1.88% on a year-to-date basis. As we can see, Cummins is performing better than its sector in the calendar year.
Looking more specifically, CMI belongs to the Automotive - Internal Combustion Engines industry, which includes 2 individual stocks and currently sits at #243 in the Zacks Industry Rank. On average, this group has gained an average of 8.31% so far this year, meaning that CMI is slightly underperforming its industry in terms of year-to-date returns.
Going forward, investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to CMI as it looks to continue its solid performance.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
The Auto-Tires-Trucks group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Cummins (CMI - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Cummins is a member of the Auto-Tires-Trucks sector. This group includes 109 individual stocks and currently holds a Zacks Sector Rank of #10. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. CMI is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CMI's full-year earnings has moved 15.14% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that CMI has returned about 7.12% since the start of the calendar year. Meanwhile, the Auto-Tires-Trucks sector has returned an average of 1.88% on a year-to-date basis. As we can see, Cummins is performing better than its sector in the calendar year.
Looking more specifically, CMI belongs to the Automotive - Internal Combustion Engines industry, which includes 2 individual stocks and currently sits at #243 in the Zacks Industry Rank. On average, this group has gained an average of 8.31% so far this year, meaning that CMI is slightly underperforming its industry in terms of year-to-date returns.
Going forward, investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to CMI as it looks to continue its solid performance.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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