Investors focused on the Auto-Tires-Trucks space have likely heard of Allison Transmission Holdings (ALSN - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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 86 individual stocks in the Auto-Tires-Trucks sector. Collectively, these companies sit at #15 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. ALSN is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for ALSN's full-year earnings has moved 4.02% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, ALSN has returned 1.51% so far this year. Meanwhile, stocks in the Auto-Tires-Trucks group have lost about 20.67% on average. This shows that Allison Transmission Holdings is outperforming its peers so far this year.
Looking more specifically, ALSN belongs to the Automotive - Original Equipment industry, which includes 44 individual stocks and currently sits at #229 in the Zacks Industry Rank. On average, stocks in this group have lost 30.09% 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 in Auto-Tires-Trucks stocks should continue to pay close attention to the company.