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Are Auto-Tires-Trucks Stocks Lagging Hesai Group Sponsored ADR (HSAI) This Year?
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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. Has Hesai Group Sponsored ADR (HSAI - Free Report) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Auto-Tires-Trucks peers, we might be able to answer that question.
Hesai Group Sponsored ADR is a member of our Auto-Tires-Trucks group, which includes 96 different companies and currently sits at #15 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 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. Hesai Group Sponsored ADR is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for HSAI's full-year earnings has moved 7.1% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, HSAI has moved about 68.7% on a year-to-date basis. In comparison, Auto-Tires-Trucks companies have returned an average of -8.9%. This means that Hesai Group Sponsored ADR is outperforming the sector as a whole this year.
Another Auto-Tires-Trucks stock, which has outperformed the sector so far this year, is Phinia (PHIN - Free Report) . The stock has returned 16% year-to-date.
In Phinia's case, the consensus EPS estimate for the current year increased 12.4% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Hesai Group Sponsored ADR is a member of the Automotive - Original Equipment industry, which includes 50 individual companies and currently sits at #147 in the Zacks Industry Rank. On average, stocks in this group have gained 7.2% this year, meaning that HSAI is performing better in terms of year-to-date returns. Phinia is also part of the same industry.
Going forward, investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to Hesai Group Sponsored ADR and Phinia as they could maintain their solid performance.
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Are Auto-Tires-Trucks Stocks Lagging Hesai Group Sponsored ADR (HSAI) 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. Has Hesai Group Sponsored ADR (HSAI - Free Report) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Auto-Tires-Trucks peers, we might be able to answer that question.
Hesai Group Sponsored ADR is a member of our Auto-Tires-Trucks group, which includes 96 different companies and currently sits at #15 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 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. Hesai Group Sponsored ADR is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for HSAI's full-year earnings has moved 7.1% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, HSAI has moved about 68.7% on a year-to-date basis. In comparison, Auto-Tires-Trucks companies have returned an average of -8.9%. This means that Hesai Group Sponsored ADR is outperforming the sector as a whole this year.
Another Auto-Tires-Trucks stock, which has outperformed the sector so far this year, is Phinia (PHIN - Free Report) . The stock has returned 16% year-to-date.
In Phinia's case, the consensus EPS estimate for the current year increased 12.4% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Hesai Group Sponsored ADR is a member of the Automotive - Original Equipment industry, which includes 50 individual companies and currently sits at #147 in the Zacks Industry Rank. On average, stocks in this group have gained 7.2% this year, meaning that HSAI is performing better in terms of year-to-date returns. Phinia is also part of the same industry.
Going forward, investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to Hesai Group Sponsored ADR and Phinia as they could maintain their solid performance.