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Are Auto-Tires-Trucks Stocks Lagging China Yuchai International (CYD) 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 China Yuchai (CYD - 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.
China Yuchai is one of 104 individual stocks in the Auto-Tires-Trucks sector. Collectively, these companies sit at #13 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. China Yuchai is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for CYD's full-year earnings has moved 18% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, CYD has moved about 30.8% on a year-to-date basis. In comparison, Auto-Tires-Trucks companies have returned an average of -15.1%. This shows that China Yuchai is outperforming its peers so far this year.
Another Auto-Tires-Trucks stock, which has outperformed the sector so far this year, is Garrett Motion (GTX - Free Report) . The stock has returned 64% year-to-date.
The consensus estimate for Garrett Motion's current year EPS has increased 4.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, China Yuchai belongs to the Automotive - Original Equipment industry, a group that includes 52 individual stocks and currently sits at #171 in the Zacks Industry Rank. On average, stocks in this group have gained 7.1% this year, meaning that CYD is performing better in terms of year-to-date returns. Garrett Motion is also part of the same industry.
Going forward, investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to China Yuchai and Garrett Motion as they could maintain their solid performance.
View the Zacks #1 Rank List
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Are Auto-Tires-Trucks Stocks Lagging China Yuchai International (CYD) 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 China Yuchai (CYD - 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.
China Yuchai is one of 104 individual stocks in the Auto-Tires-Trucks sector. Collectively, these companies sit at #13 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. China Yuchai is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for CYD's full-year earnings has moved 18% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, CYD has moved about 30.8% on a year-to-date basis. In comparison, Auto-Tires-Trucks companies have returned an average of -15.1%. This shows that China Yuchai is outperforming its peers so far this year.
Another Auto-Tires-Trucks stock, which has outperformed the sector so far this year, is Garrett Motion (GTX - Free Report) . The stock has returned 64% year-to-date.
The consensus estimate for Garrett Motion's current year EPS has increased 4.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, China Yuchai belongs to the Automotive - Original Equipment industry, a group that includes 52 individual stocks and currently sits at #171 in the Zacks Industry Rank. On average, stocks in this group have gained 7.1% this year, meaning that CYD is performing better in terms of year-to-date returns. Garrett Motion is also part of the same industry.
Going forward, investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to China Yuchai and Garrett Motion as they could maintain their solid performance.