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Is Allison Transmission Holdings (ALSN) 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. Is Allison Transmission (ALSN - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Allison Transmission is one of 103 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 proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Allison Transmission is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for ALSN's full-year earnings has moved 6.6% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, ALSN has moved about 13.3% on a year-to-date basis. Meanwhile, stocks in the Auto-Tires-Trucks group have gained about 10.4% on average. As we can see, Allison Transmission is performing better than its sector in the calendar year.
AB Volvo (VLVLY - 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 12%.
The consensus estimate for AB Volvo's current year EPS has increased 0.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Allison Transmission belongs to the Automotive - Original Equipment industry, a group that includes 54 individual stocks and currently sits at #161 in the Zacks Industry Rank. Stocks in this group have lost about 2.2% so far this year, so ALSN is performing better this group in terms of year-to-date returns. AB Volvo is also part of the same industry.
Investors with an interest in Auto-Tires-Trucks stocks should continue to track Allison Transmission and AB Volvo. These stocks will be looking to continue their solid performance.
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Is Allison Transmission Holdings (ALSN) 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. Is Allison Transmission (ALSN - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Allison Transmission is one of 103 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 proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Allison Transmission is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for ALSN's full-year earnings has moved 6.6% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, ALSN has moved about 13.3% on a year-to-date basis. Meanwhile, stocks in the Auto-Tires-Trucks group have gained about 10.4% on average. As we can see, Allison Transmission is performing better than its sector in the calendar year.
AB Volvo (VLVLY - 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 12%.
The consensus estimate for AB Volvo's current year EPS has increased 0.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Allison Transmission belongs to the Automotive - Original Equipment industry, a group that includes 54 individual stocks and currently sits at #161 in the Zacks Industry Rank. Stocks in this group have lost about 2.2% so far this year, so ALSN is performing better this group in terms of year-to-date returns. AB Volvo is also part of the same industry.
Investors with an interest in Auto-Tires-Trucks stocks should continue to track Allison Transmission and AB Volvo. These stocks will be looking to continue their solid performance.