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.
Are Auto-Tires-Trucks Stocks Lagging PHINIA Inc. (PHIN) This Year?
Read MoreHide Full Article
The Auto-Tires-Trucks group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Phinia (PHIN - Free Report) been one of those stocks this year? 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.
Phinia is one of 96 companies in the Auto-Tires-Trucks group. The Auto-Tires-Trucks group currently sits at #11 within 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. Phinia is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for PHIN's full-year earnings has moved 6.8% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, PHIN has returned 11.8% so far this year. Meanwhile, the Auto-Tires-Trucks sector has returned an average of -10.4% on a year-to-date basis. As we can see, Phinia is performing better than its sector in the calendar year.
One other Auto-Tires-Trucks stock that has outperformed the sector so far this year is QuantumScape Corporation (QS - Free Report) . The stock is up 111.6% year-to-date.
In QuantumScape Corporation's case, the consensus EPS estimate for the current year increased 3.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Phinia belongs to the Automotive - Original Equipment industry, a group that includes 50 individual stocks and currently sits at #74 in the Zacks Industry Rank. On average, this group has gained an average of 11.3% so far this year, meaning that PHIN is performing better in terms of year-to-date returns. QuantumScape Corporation is also part of the same industry.
Going forward, investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to Phinia and QuantumScape Corporation as they could maintain their solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Are Auto-Tires-Trucks Stocks Lagging PHINIA Inc. (PHIN) 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 Phinia (PHIN - Free Report) been one of those stocks this year? 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.
Phinia is one of 96 companies in the Auto-Tires-Trucks group. The Auto-Tires-Trucks group currently sits at #11 within 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. Phinia is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for PHIN's full-year earnings has moved 6.8% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, PHIN has returned 11.8% so far this year. Meanwhile, the Auto-Tires-Trucks sector has returned an average of -10.4% on a year-to-date basis. As we can see, Phinia is performing better than its sector in the calendar year.
One other Auto-Tires-Trucks stock that has outperformed the sector so far this year is QuantumScape Corporation (QS - Free Report) . The stock is up 111.6% year-to-date.
In QuantumScape Corporation's case, the consensus EPS estimate for the current year increased 3.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Phinia belongs to the Automotive - Original Equipment industry, a group that includes 50 individual stocks and currently sits at #74 in the Zacks Industry Rank. On average, this group has gained an average of 11.3% so far this year, meaning that PHIN is performing better in terms of year-to-date returns. QuantumScape Corporation is also part of the same industry.
Going forward, investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to Phinia and QuantumScape Corporation as they could maintain their solid performance.