Investors focused on the Auto-Tires-Trucks space have likely heard of Honda Motor Co. (HMC - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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.
Honda Motor Co. is one of 85 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 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. HMC is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for HMC's full-year earnings has moved 5.99% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, HMC has moved about 8.51% on a year-to-date basis. At the same time, Auto-Tires-Trucks stocks have gained an average of 6.72%. This shows that Honda Motor Co. is outperforming its peers so far this year.
To break things down more, HMC belongs to the Automotive - Foreign industry, a group that includes 20 individual companies and currently sits at #209 in the Zacks Industry Rank. Stocks in this group have gained about 6.65% so far this year, so HMC is performing better this group in terms of year-to-date returns.
Investors in the Auto-Tires-Trucks sector will want to keep a close eye on HMC as it attempts to continue its solid performance.