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Is BRP (DOOO) Outperforming Other Auto-Tires-Trucks Stocks 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 BRP Inc. (DOOO - 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.
BRP Inc. is one of 99 companies in the Auto-Tires-Trucks group. The Auto-Tires-Trucks group currently sits at #10 within 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 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. BRP Inc. is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for DOOO's full-year earnings has moved 26.3% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, DOOO has returned 29.3% so far this year. At the same time, Auto-Tires-Trucks stocks have gained an average of 13%. This shows that BRP Inc. is outperforming its peers so far this year.
Garrett Motion (GTX - 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 93%.
For Garrett Motion, the consensus EPS estimate for the current year has increased 4.1% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, BRP Inc. is a member of the Automotive - Original Equipment industry, which includes 51 individual companies and currently sits at #83 in the Zacks Industry Rank. On average, stocks in this group have gained 3.7% this year, meaning that DOOO is performing better in terms of year-to-date returns. Garrett Motion is also part of the same industry.
Going forward, investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to BRP Inc. and Garrett Motion as they could maintain their solid performance.
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Is BRP (DOOO) Outperforming Other Auto-Tires-Trucks Stocks 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 BRP Inc. (DOOO - 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.
BRP Inc. is one of 99 companies in the Auto-Tires-Trucks group. The Auto-Tires-Trucks group currently sits at #10 within 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 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. BRP Inc. is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for DOOO's full-year earnings has moved 26.3% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, DOOO has returned 29.3% so far this year. At the same time, Auto-Tires-Trucks stocks have gained an average of 13%. This shows that BRP Inc. is outperforming its peers so far this year.
Garrett Motion (GTX - 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 93%.
For Garrett Motion, the consensus EPS estimate for the current year has increased 4.1% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, BRP Inc. is a member of the Automotive - Original Equipment industry, which includes 51 individual companies and currently sits at #83 in the Zacks Industry Rank. On average, stocks in this group have gained 3.7% this year, meaning that DOOO is performing better in terms of year-to-date returns. Garrett Motion is also part of the same industry.
Going forward, investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to BRP Inc. and Garrett Motion as they could maintain their solid performance.