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 Westport Fuel Systems (WPRT) Stock Outpacing Its Auto-Tires-Trucks Peers This Year?
Read MoreHide Full Article
Investors interested in Auto-Tires-Trucks stocks should always be looking to find the best-performing companies in the group. Has Westport Innovations (WPRT - 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.
Westport Innovations is one of 103 companies in the Auto-Tires-Trucks group. The Auto-Tires-Trucks group currently sits at #11 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. Westport Innovations is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for WPRT's full-year earnings has moved 4.8% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, WPRT has gained about 38.9% so far this year. At the same time, Auto-Tires-Trucks stocks have gained an average of 13%. This shows that Westport Innovations is outperforming its peers so far this year.
One other Auto-Tires-Trucks stock that has outperformed the sector so far this year is Xos, Inc. (XOS - Free Report) . The stock is up 23.8% year-to-date.
For Xos, Inc., the consensus EPS estimate for the current year has increased 21.6% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Westport Innovations belongs to the Automotive - Original Equipment industry, which includes 54 individual stocks and currently sits at #162 in the Zacks Industry Rank. On average, this group has lost an average of 2.4% so far this year, meaning that WPRT is performing better in terms of year-to-date returns.
Xos, Inc., however, belongs to the Automotive - Domestic industry. Currently, this 16-stock industry is ranked #52. The industry has moved +15.6% so far this year.
Investors with an interest in Auto-Tires-Trucks stocks should continue to track Westport Innovations and Xos, Inc.. These stocks will be looking 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 Westport Fuel Systems (WPRT) 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 Westport Innovations (WPRT - 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.
Westport Innovations is one of 103 companies in the Auto-Tires-Trucks group. The Auto-Tires-Trucks group currently sits at #11 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. Westport Innovations is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for WPRT's full-year earnings has moved 4.8% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, WPRT has gained about 38.9% so far this year. At the same time, Auto-Tires-Trucks stocks have gained an average of 13%. This shows that Westport Innovations is outperforming its peers so far this year.
One other Auto-Tires-Trucks stock that has outperformed the sector so far this year is Xos, Inc. (XOS - Free Report) . The stock is up 23.8% year-to-date.
For Xos, Inc., the consensus EPS estimate for the current year has increased 21.6% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Westport Innovations belongs to the Automotive - Original Equipment industry, which includes 54 individual stocks and currently sits at #162 in the Zacks Industry Rank. On average, this group has lost an average of 2.4% so far this year, meaning that WPRT is performing better in terms of year-to-date returns.
Xos, Inc., however, belongs to the Automotive - Domestic industry. Currently, this 16-stock industry is ranked #52. The industry has moved +15.6% so far this year.
Investors with an interest in Auto-Tires-Trucks stocks should continue to track Westport Innovations and Xos, Inc.. These stocks will be looking to continue their solid performance.