We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is Douglas Dynamics (PLOW) Outperforming Other Auto-Tires-Trucks Stocks This Year?
Read MoreHide Full Article
For those looking to find strong Auto-Tires-Trucks stocks, it is prudent to search for companies in the group that are outperforming their peers. Douglas Dynamics (PLOW - 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? A quick glance at the company's year-to-date performance in comparison to the rest of the Auto-Tires-Trucks sector should help us answer this question.
Douglas Dynamics is one of 102 individual stocks in the Auto-Tires-Trucks sector. Collectively, these companies sit at #12 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 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. Douglas Dynamics is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for PLOW's full-year earnings has moved 16.6% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, PLOW has returned 22.1% so far this year. Meanwhile, the Auto-Tires-Trucks sector has returned an average of -11% on a year-to-date basis. This shows that Douglas Dynamics is outperforming its peers so far this year.
Ferrari (RACE - 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 8.5%.
In Ferrari's case, the consensus EPS estimate for the current year increased 6.3% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Douglas Dynamics belongs to the Automotive - Replacement Parts industry, which includes 7 individual stocks and currently sits at #26 in the Zacks Industry Rank. Stocks in this group have lost about 3.1% so far this year, so PLOW is performing better this group in terms of year-to-date returns.
On the other hand, Ferrari belongs to the Automotive - Original Equipment industry. This 52-stock industry is currently ranked #74. The industry has moved -0.3% year to date.
Douglas Dynamics and Ferrari could continue their solid performance, so investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to these stocks.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Douglas Dynamics (PLOW) Outperforming Other Auto-Tires-Trucks Stocks This Year?
For those looking to find strong Auto-Tires-Trucks stocks, it is prudent to search for companies in the group that are outperforming their peers. Douglas Dynamics (PLOW - 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? A quick glance at the company's year-to-date performance in comparison to the rest of the Auto-Tires-Trucks sector should help us answer this question.
Douglas Dynamics is one of 102 individual stocks in the Auto-Tires-Trucks sector. Collectively, these companies sit at #12 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 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. Douglas Dynamics is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for PLOW's full-year earnings has moved 16.6% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, PLOW has returned 22.1% so far this year. Meanwhile, the Auto-Tires-Trucks sector has returned an average of -11% on a year-to-date basis. This shows that Douglas Dynamics is outperforming its peers so far this year.
Ferrari (RACE - 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 8.5%.
In Ferrari's case, the consensus EPS estimate for the current year increased 6.3% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Douglas Dynamics belongs to the Automotive - Replacement Parts industry, which includes 7 individual stocks and currently sits at #26 in the Zacks Industry Rank. Stocks in this group have lost about 3.1% so far this year, so PLOW is performing better this group in terms of year-to-date returns.
On the other hand, Ferrari belongs to the Automotive - Original Equipment industry. This 52-stock industry is currently ranked #74. The industry has moved -0.3% year to date.
Douglas Dynamics and Ferrari could continue their solid performance, so investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to these stocks.