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Is Blue Bird (BLBD) 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. Blue Bird (BLBD - 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.
Blue Bird is a member of our Auto-Tires-Trucks group, which includes 99 different companies and currently sits at #13 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 is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Blue Bird is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for BLBD's full-year earnings has moved 1.8% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, BLBD has gained about 32.6% so far this year. In comparison, Auto-Tires-Trucks companies have returned an average of 18.4%. As we can see, Blue Bird is performing better than its sector in the calendar year.
One other Auto-Tires-Trucks stock that has outperformed the sector so far this year is Garrett Motion (GTX - Free Report) . The stock is up 86.6% year-to-date.
The consensus estimate for Garrett Motion's current year EPS has increased 4.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Blue Bird belongs to the Automotive - Domestic industry, a group that includes 14 individual companies and currently sits at #100 in the Zacks Industry Rank. On average, this group has gained an average of 24.4% so far this year, meaning that BLBD is performing better in terms of year-to-date returns.
Garrett Motion, however, belongs to the Automotive - Original Equipment industry. Currently, this 51-stock industry is ranked #95. The industry has moved -1.2% so far this year.
Investors interested in the Auto-Tires-Trucks sector may want to keep a close eye on Blue Bird and Garrett Motion as they attempt to continue their solid performance.
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Is Blue Bird (BLBD) 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. Blue Bird (BLBD - 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.
Blue Bird is a member of our Auto-Tires-Trucks group, which includes 99 different companies and currently sits at #13 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 is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Blue Bird is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for BLBD's full-year earnings has moved 1.8% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, BLBD has gained about 32.6% so far this year. In comparison, Auto-Tires-Trucks companies have returned an average of 18.4%. As we can see, Blue Bird is performing better than its sector in the calendar year.
One other Auto-Tires-Trucks stock that has outperformed the sector so far this year is Garrett Motion (GTX - Free Report) . The stock is up 86.6% year-to-date.
The consensus estimate for Garrett Motion's current year EPS has increased 4.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Blue Bird belongs to the Automotive - Domestic industry, a group that includes 14 individual companies and currently sits at #100 in the Zacks Industry Rank. On average, this group has gained an average of 24.4% so far this year, meaning that BLBD is performing better in terms of year-to-date returns.
Garrett Motion, however, belongs to the Automotive - Original Equipment industry. Currently, this 51-stock industry is ranked #95. The industry has moved -1.2% so far this year.
Investors interested in the Auto-Tires-Trucks sector may want to keep a close eye on Blue Bird and Garrett Motion as they attempt to continue their solid performance.