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Is Cummins (CMI) Stock Outpacing Its Auto-Tires-Trucks Peers This Year?
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The Auto-Tires-Trucks group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Cummins (CMI - 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? Let's take a closer look at the stock's year-to-date performance to find out.
Cummins is one of 99 individual stocks in the Auto-Tires-Trucks sector. Collectively, these companies sit at #10 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 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. Cummins is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for CMI's full-year earnings has moved 4.6% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that CMI has returned about 25.9% since the start of the calendar year. Meanwhile, the Auto-Tires-Trucks sector has returned an average of 12.2% on a year-to-date basis. This means that Cummins is outperforming the sector as a whole this year.
Ford Motor Company (F - 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 28.3%.
The consensus estimate for Ford Motor Company's current year EPS has increased 4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Cummins belongs to the Automotive - Internal Combustion Engines industry, which includes 1 individual stocks and currently sits at #2 in the Zacks Industry Rank. This group has gained an average of 28.2% so far this year, so CMI is slightly underperforming its industry in this area.
On the other hand, Ford Motor Company belongs to the Automotive - Domestic industry. This 14-stock industry is currently ranked #93. The industry has moved +13% year to date.
Investors interested in the Auto-Tires-Trucks sector may want to keep a close eye on Cummins and Ford Motor Company as they attempt to continue their solid performance.
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Is Cummins (CMI) Stock Outpacing Its Auto-Tires-Trucks Peers 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. Cummins (CMI - 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? Let's take a closer look at the stock's year-to-date performance to find out.
Cummins is one of 99 individual stocks in the Auto-Tires-Trucks sector. Collectively, these companies sit at #10 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 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. Cummins is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for CMI's full-year earnings has moved 4.6% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that CMI has returned about 25.9% since the start of the calendar year. Meanwhile, the Auto-Tires-Trucks sector has returned an average of 12.2% on a year-to-date basis. This means that Cummins is outperforming the sector as a whole this year.
Ford Motor Company (F - 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 28.3%.
The consensus estimate for Ford Motor Company's current year EPS has increased 4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Cummins belongs to the Automotive - Internal Combustion Engines industry, which includes 1 individual stocks and currently sits at #2 in the Zacks Industry Rank. This group has gained an average of 28.2% so far this year, so CMI is slightly underperforming its industry in this area.
On the other hand, Ford Motor Company belongs to the Automotive - Domestic industry. This 14-stock industry is currently ranked #93. The industry has moved +13% year to date.
Investors interested in the Auto-Tires-Trucks sector may want to keep a close eye on Cummins and Ford Motor Company as they attempt to continue their solid performance.