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. Is Allison Transmission Holdings (ALSN - 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.
Allison Transmission Holdings is one of 77 individual stocks in the Auto-Tires-Trucks sector. Collectively, these companies sit at #16 in 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. ALSN is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ALSN's full-year earnings has moved 2.62% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, ALSN has moved about 9.12% on a year-to-date basis. Meanwhile, the Auto-Tires-Trucks sector has returned an average of -4.94% on a year-to-date basis. As we can see, Allison Transmission Holdings is performing better than its sector in the calendar year.
Looking more specifically, ALSN belongs to the Automotive - Original Equipment industry, which includes 38 individual stocks and currently sits at #219 in the Zacks Industry Rank. On average, this group has gained an average of 0.21% so far this year, meaning that ALSN is performing better in terms of year-to-date returns.
ALSN will likely be looking to continue its solid performance, so investors interested Auto-Tires-Trucks stocks should continue to pay close attention to the company.