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Is Honda Motor Co. (HMC) Outperforming Other Auto-Tires-Trucks Stocks This Year?
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Investors interested in Auto-Tires-Trucks stocks should always be looking to find the best-performing companies in the group. Is Honda Motor (HMC - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Auto-Tires-Trucks sector should help us answer this question.
Honda Motor 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. Honda Motor is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for HMC's full-year earnings has moved 550% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, HMC has moved about 8.2% on a year-to-date basis. Meanwhile, stocks in the Auto-Tires-Trucks group have lost about 13.5% on average. As we can see, Honda Motor is performing better than its sector in the calendar year.
Another stock in the Auto-Tires-Trucks sector, Hyliion Holdings Corp. (HYLN - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 99.5%.
Over the past three months, Hyliion Holdings Corp.'s consensus EPS estimate for the current year has increased 6.1%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Honda Motor belongs to the Automotive - Foreign industry, which includes 24 individual stocks and currently sits at #166 in the Zacks Industry Rank. On average, this group has lost an average of 15.4% so far this year, meaning that HMC is performing better in terms of year-to-date returns.
In contrast, Hyliion Holdings Corp. falls under the Automotive - Original Equipment industry. Currently, this industry has 52 stocks and is ranked #165. Since the beginning of the year, the industry has moved +6.7%.
Going forward, investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to Honda Motor and Hyliion Holdings Corp. as they could maintain their solid performance.
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Is Honda Motor Co. (HMC) Outperforming Other Auto-Tires-Trucks Stocks This Year?
Investors interested in Auto-Tires-Trucks stocks should always be looking to find the best-performing companies in the group. Is Honda Motor (HMC - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Auto-Tires-Trucks sector should help us answer this question.
Honda Motor 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. Honda Motor is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for HMC's full-year earnings has moved 550% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, HMC has moved about 8.2% on a year-to-date basis. Meanwhile, stocks in the Auto-Tires-Trucks group have lost about 13.5% on average. As we can see, Honda Motor is performing better than its sector in the calendar year.
Another stock in the Auto-Tires-Trucks sector, Hyliion Holdings Corp. (HYLN - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 99.5%.
Over the past three months, Hyliion Holdings Corp.'s consensus EPS estimate for the current year has increased 6.1%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Honda Motor belongs to the Automotive - Foreign industry, which includes 24 individual stocks and currently sits at #166 in the Zacks Industry Rank. On average, this group has lost an average of 15.4% so far this year, meaning that HMC is performing better in terms of year-to-date returns.
In contrast, Hyliion Holdings Corp. falls under the Automotive - Original Equipment industry. Currently, this industry has 52 stocks and is ranked #165. Since the beginning of the year, the industry has moved +6.7%.
Going forward, investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to Honda Motor and Hyliion Holdings Corp. as they could maintain their solid performance.