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 Standard Motor Products (SMP) Outperforming Other Auto-Tires-Trucks Stocks 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. Standard Motor Products (SMP - 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.
Standard Motor Products is one of 96 individual stocks in the Auto-Tires-Trucks sector. Collectively, these companies sit at #15 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. Standard Motor Products is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for SMP's full-year earnings has moved 2.8% 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, SMP has returned 20.9% so far this year. In comparison, Auto-Tires-Trucks companies have returned an average of -11.3%. This means that Standard Motor Products is performing better than its sector in terms of year-to-date returns.
Another stock in the Auto-Tires-Trucks sector, Visteon (VC - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 36.1%.
Over the past three months, Visteon's consensus EPS estimate for the current year has increased 13.1%. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Standard Motor Products belongs to the Automotive - Replacement Parts industry, which includes 6 individual stocks and currently sits at #194 in the Zacks Industry Rank. On average, stocks in this group have lost 7.3% this year, meaning that SMP is performing better in terms of year-to-date returns.
In contrast, Visteon falls under the Automotive - Original Equipment industry. Currently, this industry has 50 stocks and is ranked #96. Since the beginning of the year, the industry has moved +5.9%.
Investors interested in the Auto-Tires-Trucks sector may want to keep a close eye on Standard Motor Products and Visteon as they attempt to continue their solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Standard Motor Products (SMP) Outperforming Other Auto-Tires-Trucks Stocks 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. Standard Motor Products (SMP - 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.
Standard Motor Products is one of 96 individual stocks in the Auto-Tires-Trucks sector. Collectively, these companies sit at #15 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. Standard Motor Products is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for SMP's full-year earnings has moved 2.8% 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, SMP has returned 20.9% so far this year. In comparison, Auto-Tires-Trucks companies have returned an average of -11.3%. This means that Standard Motor Products is performing better than its sector in terms of year-to-date returns.
Another stock in the Auto-Tires-Trucks sector, Visteon (VC - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 36.1%.
Over the past three months, Visteon's consensus EPS estimate for the current year has increased 13.1%. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Standard Motor Products belongs to the Automotive - Replacement Parts industry, which includes 6 individual stocks and currently sits at #194 in the Zacks Industry Rank. On average, stocks in this group have lost 7.3% this year, meaning that SMP is performing better in terms of year-to-date returns.
In contrast, Visteon falls under the Automotive - Original Equipment industry. Currently, this industry has 50 stocks and is ranked #96. Since the beginning of the year, the industry has moved +5.9%.
Investors interested in the Auto-Tires-Trucks sector may want to keep a close eye on Standard Motor Products and Visteon as they attempt to continue their solid performance.