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Is HarleyDavidson (HOG) Stock Outpacing Its Auto-Tires-Trucks Peers This Year?
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The Auto-Tires-Trucks group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has HarleyDavidson (HOG - 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.
HarleyDavidson is a member of our Auto-Tires-Trucks group, which includes 110 different companies and currently sits at #13 in 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 proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. HOG is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for HOG's full-year earnings has moved 8.86% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that HOG has returned about 13.24% since the start of the calendar year. Meanwhile, the Auto-Tires-Trucks sector has returned an average of -2.66% on a year-to-date basis. This shows that HarleyDavidson is outperforming its peers so far this year.
To break things down more, HOG belongs to the Automotive - Domestic industry, a group that includes 18 individual companies and currently sits at #86 in the Zacks Industry Rank. On average, stocks in this group have lost 4.77% this year, meaning that HOG is performing better in terms of year-to-date returns.
HOG will likely be looking to continue its solid performance, so investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to the company.
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Is HarleyDavidson (HOG) Stock Outpacing Its Auto-Tires-Trucks Peers This Year?
The Auto-Tires-Trucks group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has HarleyDavidson (HOG - 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.
HarleyDavidson is a member of our Auto-Tires-Trucks group, which includes 110 different companies and currently sits at #13 in 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 proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. HOG is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for HOG's full-year earnings has moved 8.86% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that HOG has returned about 13.24% since the start of the calendar year. Meanwhile, the Auto-Tires-Trucks sector has returned an average of -2.66% on a year-to-date basis. This shows that HarleyDavidson is outperforming its peers so far this year.
To break things down more, HOG belongs to the Automotive - Domestic industry, a group that includes 18 individual companies and currently sits at #86 in the Zacks Industry Rank. On average, stocks in this group have lost 4.77% this year, meaning that HOG is performing better in terms of year-to-date returns.
HOG will likely be looking to continue its solid performance, so investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to the company.