Investors interested in Auto-Tires-Trucks stocks should always be looking to find the best-performing companies in the group. Has Paccar (PCAR - 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.
Paccar is a member of our Auto-Tires-Trucks group, which includes 113 different companies and currently sits at #7 in the Zacks Sector Rank. 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 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. Paccar is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for PCAR's full-year earnings has moved 5.2% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, PCAR has moved about 27.9% on a year-to-date basis. In comparison, Auto-Tires-Trucks companies have returned an average of 26.7%. This means that Paccar is performing better than its sector in terms of year-to-date returns.
Stellantis (STLA - Free Report) is another Auto-Tires-Trucks stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 38.1%.
Over the past three months, Stellantis' consensus EPS estimate for the current year has increased 9.8%. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Paccar is a member of the Automotive - Domestic industry, which includes 20 individual companies and currently sits at #156 in the Zacks Industry Rank. On average, this group has gained an average of 38.2% so far this year, meaning that PCAR is slightly underperforming its industry in terms of year-to-date returns.
Stellantis, however, belongs to the Automotive - Foreign industry. Currently, this 26-stock industry is ranked #33. The industry has moved +28.9% so far this year.
Going forward, investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to Paccar and Stellantis as they could maintain their solid performance.
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Investors interested in Auto-Tires-Trucks stocks should always be looking to find the best-performing companies in the group. Has Paccar (PCAR - 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.
Paccar is a member of our Auto-Tires-Trucks group, which includes 113 different companies and currently sits at #7 in the Zacks Sector Rank. 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 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. Paccar is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for PCAR's full-year earnings has moved 5.2% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, PCAR has moved about 27.9% on a year-to-date basis. In comparison, Auto-Tires-Trucks companies have returned an average of 26.7%. This means that Paccar is performing better than its sector in terms of year-to-date returns.
Stellantis (STLA - Free Report) is another Auto-Tires-Trucks stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 38.1%.
Over the past three months, Stellantis' consensus EPS estimate for the current year has increased 9.8%. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Paccar is a member of the Automotive - Domestic industry, which includes 20 individual companies and currently sits at #156 in the Zacks Industry Rank. On average, this group has gained an average of 38.2% so far this year, meaning that PCAR is slightly underperforming its industry in terms of year-to-date returns.
Stellantis, however, belongs to the Automotive - Foreign industry. Currently, this 26-stock industry is ranked #33. The industry has moved +28.9% so far this year.
Going forward, investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to Paccar and Stellantis as they could maintain their solid performance.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
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