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Are Auto-Tires-Trucks Stocks Lagging Allison Transmission Holdings (ALSN) 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. Allison Transmission (ALSN - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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.
Allison Transmission is a member of our Auto-Tires-Trucks group, which includes 105 different companies and currently sits at #13 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. Allison Transmission is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for ALSN's full-year earnings has moved 6.8% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, ALSN has moved about 18.2% on a year-to-date basis. At the same time, Auto-Tires-Trucks stocks have lost an average of 12.7%. This means that Allison Transmission is outperforming the sector as a whole this year.
Another Auto-Tires-Trucks stock, which has outperformed the sector so far this year, is BorgWarner (BWA - Free Report) . The stock has returned 33.7% year-to-date.
In BorgWarner's case, the consensus EPS estimate for the current year increased 0.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Allison Transmission is a member of the Automotive - Original Equipment industry, which includes 53 individual companies and currently sits at #177 in the Zacks Industry Rank. On average, this group has lost an average of 4.4% so far this year, meaning that ALSN is performing better in terms of year-to-date returns. BorgWarner is also part of the same industry.
Allison Transmission and BorgWarner could continue their solid performance, so investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to these stocks.
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Are Auto-Tires-Trucks Stocks Lagging Allison Transmission Holdings (ALSN) 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. Allison Transmission (ALSN - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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.
Allison Transmission is a member of our Auto-Tires-Trucks group, which includes 105 different companies and currently sits at #13 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. Allison Transmission is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for ALSN's full-year earnings has moved 6.8% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, ALSN has moved about 18.2% on a year-to-date basis. At the same time, Auto-Tires-Trucks stocks have lost an average of 12.7%. This means that Allison Transmission is outperforming the sector as a whole this year.
Another Auto-Tires-Trucks stock, which has outperformed the sector so far this year, is BorgWarner (BWA - Free Report) . The stock has returned 33.7% year-to-date.
In BorgWarner's case, the consensus EPS estimate for the current year increased 0.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Allison Transmission is a member of the Automotive - Original Equipment industry, which includes 53 individual companies and currently sits at #177 in the Zacks Industry Rank. On average, this group has lost an average of 4.4% so far this year, meaning that ALSN is performing better in terms of year-to-date returns. BorgWarner is also part of the same industry.
Allison Transmission and BorgWarner could continue their solid performance, so investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to these stocks.