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 Standard Motor Products (SMP) Stock Outpacing Its Auto-Tires-Trucks Peers This Year?
Read MoreHide Full Article
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 Standard Motor Products (SMP - 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.
Standard Motor Products is one of 103 individual stocks in the Auto-Tires-Trucks sector. Collectively, these companies sit at #10 in 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. Standard Motor Products is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for SMP's full-year earnings has moved 0.5% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, SMP has gained about 4.8% so far this year. At the same time, Auto-Tires-Trucks stocks have lost an average of 5.2%. This means that Standard Motor Products is performing better than its sector in terms of year-to-date returns.
One other Auto-Tires-Trucks stock that has outperformed the sector so far this year is Yamaha Motor Co., Ltd. (YMHAY - Free Report) . The stock is up 0.2% year-to-date.
The consensus estimate for Yamaha Motor Co., Ltd.'s current year EPS has increased 27.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Standard Motor Products belongs to the Automotive - Replacement Parts industry, a group that includes 7 individual stocks and currently sits at #157 in the Zacks Industry Rank. This group has gained an average of 6.9% so far this year, so SMP is slightly underperforming its industry in this area.
In contrast, Yamaha Motor Co., Ltd. falls under the Automotive - Foreign industry. Currently, this industry has 23 stocks and is ranked #72. Since the beginning of the year, the industry has moved +2%.
Going forward, investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to Standard Motor Products and Yamaha Motor Co., Ltd. as they could maintain their solid performance.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Is Standard Motor Products (SMP) Stock Outpacing Its Auto-Tires-Trucks Peers 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 Standard Motor Products (SMP - 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.
Standard Motor Products is one of 103 individual stocks in the Auto-Tires-Trucks sector. Collectively, these companies sit at #10 in 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. Standard Motor Products is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for SMP's full-year earnings has moved 0.5% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, SMP has gained about 4.8% so far this year. At the same time, Auto-Tires-Trucks stocks have lost an average of 5.2%. This means that Standard Motor Products is performing better than its sector in terms of year-to-date returns.
One other Auto-Tires-Trucks stock that has outperformed the sector so far this year is Yamaha Motor Co., Ltd. (YMHAY - Free Report) . The stock is up 0.2% year-to-date.
The consensus estimate for Yamaha Motor Co., Ltd.'s current year EPS has increased 27.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Standard Motor Products belongs to the Automotive - Replacement Parts industry, a group that includes 7 individual stocks and currently sits at #157 in the Zacks Industry Rank. This group has gained an average of 6.9% so far this year, so SMP is slightly underperforming its industry in this area.
In contrast, Yamaha Motor Co., Ltd. falls under the Automotive - Foreign industry. Currently, this industry has 23 stocks and is ranked #72. Since the beginning of the year, the industry has moved +2%.
Going forward, investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to Standard Motor Products and Yamaha Motor Co., Ltd. as they could maintain their solid performance.