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Is Atmus Filtration Technologies Inc. (ATMU) Outperforming Other Auto-Tires-Trucks Stocks 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? 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.
Atmus Filtration Technologies is one of 105 individual stocks in the Auto-Tires-Trucks sector. Collectively, these companies sit at #16 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. 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 1.8% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that ATMU has returned about 8.8% since the start of the calendar year. At the same time, Auto-Tires-Trucks stocks have lost an average of 9.6%. This means that Atmus Filtration Technologies is performing better than its sector in terms of year-to-date returns.
Honda Motor (HMC - Free Report) is another Auto-Tires-Trucks stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 13.1%.
Over the past three months, Honda Motor's consensus EPS estimate for the current year has increased 86.2%. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Atmus Filtration Technologies is a member of the Automotive - Original Equipment industry, which includes 53 individual companies and currently sits at #205 in the Zacks Industry Rank. On average, this group has lost an average of 4.8% so far this year, meaning that ATMU is performing better in terms of year-to-date returns.
In contrast, Honda Motor falls under the Automotive - Foreign industry. Currently, this industry has 23 stocks and is ranked #210. Since the beginning of the year, the industry has moved -9.9%.
Atmus Filtration Technologies and Honda Motor 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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Is Atmus Filtration Technologies Inc. (ATMU) Outperforming Other Auto-Tires-Trucks Stocks 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? 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.
Atmus Filtration Technologies is one of 105 individual stocks in the Auto-Tires-Trucks sector. Collectively, these companies sit at #16 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. 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 1.8% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that ATMU has returned about 8.8% since the start of the calendar year. At the same time, Auto-Tires-Trucks stocks have lost an average of 9.6%. This means that Atmus Filtration Technologies is performing better than its sector in terms of year-to-date returns.
Honda Motor (HMC - Free Report) is another Auto-Tires-Trucks stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 13.1%.
Over the past three months, Honda Motor's consensus EPS estimate for the current year has increased 86.2%. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Atmus Filtration Technologies is a member of the Automotive - Original Equipment industry, which includes 53 individual companies and currently sits at #205 in the Zacks Industry Rank. On average, this group has lost an average of 4.8% so far this year, meaning that ATMU is performing better in terms of year-to-date returns.
In contrast, Honda Motor falls under the Automotive - Foreign industry. Currently, this industry has 23 stocks and is ranked #210. Since the beginning of the year, the industry has moved -9.9%.
Atmus Filtration Technologies and Honda Motor could continue their solid performance, so investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to these stocks.