The Auto-Tires-Trucks group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Allison Transmission Holdings (ALSN - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Allison Transmission Holdings is one of 86 companies in the Auto-Tires-Trucks group. The Auto-Tires-Trucks group currently sits at #15 within 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 is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. ALSN is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for ALSN's full-year earnings has moved 4.02% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that ALSN has returned about 10.75% since the start of the calendar year. Meanwhile, stocks in the Auto-Tires-Trucks group have lost about 15.68% on average. This shows that Allison Transmission Holdings is outperforming its peers so far this year.
To break things down more, ALSN belongs to the Automotive - Original Equipment industry, a group that includes 44 individual companies and currently sits at #231 in the Zacks Industry Rank. Stocks in this group have lost about 20.92% so far this year, so ALSN is performing better this group in terms of year-to-date returns.
Going forward, investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to ALSN as it looks to continue its solid performance.