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Are Auto-Tires-Trucks Stocks Lagging Atmus Filtration Technologies Inc. (ATMU) 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 Atmus Filtration Technologies (ATMU - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Atmus Filtration Technologies is one of 104 companies in the Auto-Tires-Trucks group. The Auto-Tires-Trucks group currently sits at #12 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. Atmus Filtration Technologies is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for ATMU's full-year earnings has moved 0.6% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, ATMU has gained about 3.8% so far this year. At the same time, Auto-Tires-Trucks stocks have lost an average of 17.6%. This means that Atmus Filtration Technologies is outperforming the sector as a whole this year.
One other Auto-Tires-Trucks stock that has outperformed the sector so far this year is Ford Motor Company (F - Free Report) . The stock is up 10% year-to-date.
The consensus estimate for Ford Motor Company's current year EPS has increased 18.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Atmus Filtration Technologies belongs to the Automotive - Original Equipment industry, which includes 52 individual stocks and currently sits at #180 in the Zacks Industry Rank. On average, this group has gained an average of 3.4% so far this year, meaning that ATMU is performing better in terms of year-to-date returns.
Ford Motor Company, however, belongs to the Automotive - Domestic industry. Currently, this 17-stock industry is ranked #78. The industry has moved -21.4% so far this year.
Going forward, investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to Atmus Filtration Technologies and Ford Motor Company as they could maintain their solid performance.
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Are Auto-Tires-Trucks Stocks Lagging Atmus Filtration Technologies Inc. (ATMU) 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 Atmus Filtration Technologies (ATMU - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Atmus Filtration Technologies is one of 104 companies in the Auto-Tires-Trucks group. The Auto-Tires-Trucks group currently sits at #12 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. Atmus Filtration Technologies is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for ATMU's full-year earnings has moved 0.6% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, ATMU has gained about 3.8% so far this year. At the same time, Auto-Tires-Trucks stocks have lost an average of 17.6%. This means that Atmus Filtration Technologies is outperforming the sector as a whole this year.
One other Auto-Tires-Trucks stock that has outperformed the sector so far this year is Ford Motor Company (F - Free Report) . The stock is up 10% year-to-date.
The consensus estimate for Ford Motor Company's current year EPS has increased 18.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Atmus Filtration Technologies belongs to the Automotive - Original Equipment industry, which includes 52 individual stocks and currently sits at #180 in the Zacks Industry Rank. On average, this group has gained an average of 3.4% so far this year, meaning that ATMU is performing better in terms of year-to-date returns.
Ford Motor Company, however, belongs to the Automotive - Domestic industry. Currently, this 17-stock industry is ranked #78. The industry has moved -21.4% so far this year.
Going forward, investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to Atmus Filtration Technologies and Ford Motor Company as they could maintain their solid performance.