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Are Auto-Tires-Trucks Stocks Lagging BorgWarner (BWA) 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. Has BorgWarner (BWA - Free Report) been one of those stocks this year? 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.
BorgWarner 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 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. BorgWarner is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for BWA's full-year earnings has moved 0.4% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, BWA has gained about 38.7% so far this year. In comparison, Auto-Tires-Trucks companies have returned an average of -14%. This means that BorgWarner is outperforming the sector as a whole this year.
Another Auto-Tires-Trucks stock, which has outperformed the sector so far this year, is Federal Signal (FSS - Free Report) . The stock has returned 4.1% year-to-date.
The consensus estimate for Federal Signal's current year EPS has increased 5.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, BorgWarner belongs to the Automotive - Original Equipment industry, a group that includes 52 individual companies and currently sits at #162 in the Zacks Industry Rank. On average, this group has lost an average of 0.3% so far this year, meaning that BWA is performing better in terms of year-to-date returns.
In contrast, Federal Signal falls under the Automotive - Domestic industry. Currently, this industry has 17 stocks and is ranked #51. Since the beginning of the year, the industry has moved -15.6%.
Investors with an interest in Auto-Tires-Trucks stocks should continue to track BorgWarner and Federal Signal. These stocks will be looking to continue their solid performance.
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Are Auto-Tires-Trucks Stocks Lagging BorgWarner (BWA) 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. Has BorgWarner (BWA - Free Report) been one of those stocks this year? 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.
BorgWarner 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 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. BorgWarner is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for BWA's full-year earnings has moved 0.4% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, BWA has gained about 38.7% so far this year. In comparison, Auto-Tires-Trucks companies have returned an average of -14%. This means that BorgWarner is outperforming the sector as a whole this year.
Another Auto-Tires-Trucks stock, which has outperformed the sector so far this year, is Federal Signal (FSS - Free Report) . The stock has returned 4.1% year-to-date.
The consensus estimate for Federal Signal's current year EPS has increased 5.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, BorgWarner belongs to the Automotive - Original Equipment industry, a group that includes 52 individual companies and currently sits at #162 in the Zacks Industry Rank. On average, this group has lost an average of 0.3% so far this year, meaning that BWA is performing better in terms of year-to-date returns.
In contrast, Federal Signal falls under the Automotive - Domestic industry. Currently, this industry has 17 stocks and is ranked #51. Since the beginning of the year, the industry has moved -15.6%.
Investors with an interest in Auto-Tires-Trucks stocks should continue to track BorgWarner and Federal Signal. These stocks will be looking to continue their solid performance.