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Is China Yuchai International (CYD) Stock Outpacing Its Auto-Tires-Trucks Peers This Year?
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Investors interested in Auto-Tires-Trucks stocks should always be looking to find the best-performing companies in the group. Has China Yuchai (CYD - 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.
China Yuchai is a member of our Auto-Tires-Trucks group, which includes 96 different companies and currently sits at #10 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 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. China Yuchai is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for CYD's full-year earnings has moved 37.2% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, CYD has moved about 245.7% on a year-to-date basis. At the same time, Auto-Tires-Trucks stocks have lost an average of 6.9%. This shows that China Yuchai is outperforming its peers so far this year.
Mazda Motor Corporation (MZDAY - 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 2%.
In Mazda Motor Corporation's case, the consensus EPS estimate for the current year increased 116.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, China Yuchai is a member of the Automotive - Original Equipment industry, which includes 50 individual companies and currently sits at #80 in the Zacks Industry Rank. On average, this group has gained an average of 11.7% so far this year, meaning that CYD is performing better in terms of year-to-date returns.
In contrast, Mazda Motor Corporation falls under the Automotive - Foreign industry. Currently, this industry has 22 stocks and is ranked #202. Since the beginning of the year, the industry has moved +2.4%.
Investors with an interest in Auto-Tires-Trucks stocks should continue to track China Yuchai and Mazda Motor Corporation. These stocks will be looking to continue their solid performance.
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Is China Yuchai International (CYD) Stock Outpacing Its Auto-Tires-Trucks Peers This Year?
Investors interested in Auto-Tires-Trucks stocks should always be looking to find the best-performing companies in the group. Has China Yuchai (CYD - 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.
China Yuchai is a member of our Auto-Tires-Trucks group, which includes 96 different companies and currently sits at #10 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 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. China Yuchai is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for CYD's full-year earnings has moved 37.2% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, CYD has moved about 245.7% on a year-to-date basis. At the same time, Auto-Tires-Trucks stocks have lost an average of 6.9%. This shows that China Yuchai is outperforming its peers so far this year.
Mazda Motor Corporation (MZDAY - 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 2%.
In Mazda Motor Corporation's case, the consensus EPS estimate for the current year increased 116.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, China Yuchai is a member of the Automotive - Original Equipment industry, which includes 50 individual companies and currently sits at #80 in the Zacks Industry Rank. On average, this group has gained an average of 11.7% so far this year, meaning that CYD is performing better in terms of year-to-date returns.
In contrast, Mazda Motor Corporation falls under the Automotive - Foreign industry. Currently, this industry has 22 stocks and is ranked #202. Since the beginning of the year, the industry has moved +2.4%.
Investors with an interest in Auto-Tires-Trucks stocks should continue to track China Yuchai and Mazda Motor Corporation. These stocks will be looking to continue their solid performance.