We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Has Tesla (TSLA) Outpaced Other Auto-Tires-Trucks Stocks This Year?
Read MoreHide Full Article
Investors focused on the Auto-Tires-Trucks space have likely heard of Tesla (TSLA - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of TSLA and the rest of the Auto-Tires-Trucks group's stocks.
Tesla is a member of the Auto-Tires-Trucks sector. This group includes 89 individual stocks and currently holds a Zacks Sector Rank of #7. 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. TSLA is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for TSLA's full-year earnings has moved 36.13% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, TSLA has returned 2.02% so far this year. Meanwhile, stocks in the Auto-Tires-Trucks group have gained about 16.64% on average. As we can see, Tesla is performing better than its sector in the calendar year.
Looking more specifically, TSLA belongs to the Automotive - Domestic industry, a group that includes 10 individual stocks and currently sits at #97 in the Zacks Industry Rank. This group has gained an average of 16.29% so far this year, so TSLA is slightly underperforming its industry in this area.
Going forward, investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to TSLA as it looks to continue its solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Has Tesla (TSLA) Outpaced Other Auto-Tires-Trucks Stocks This Year?
Investors focused on the Auto-Tires-Trucks space have likely heard of Tesla (TSLA - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of TSLA and the rest of the Auto-Tires-Trucks group's stocks.
Tesla is a member of the Auto-Tires-Trucks sector. This group includes 89 individual stocks and currently holds a Zacks Sector Rank of #7. 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. TSLA is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for TSLA's full-year earnings has moved 36.13% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, TSLA has returned 2.02% so far this year. Meanwhile, stocks in the Auto-Tires-Trucks group have gained about 16.64% on average. As we can see, Tesla is performing better than its sector in the calendar year.
Looking more specifically, TSLA belongs to the Automotive - Domestic industry, a group that includes 10 individual stocks and currently sits at #97 in the Zacks Industry Rank. This group has gained an average of 16.29% so far this year, so TSLA is slightly underperforming its industry in this area.
Going forward, investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to TSLA as it looks to continue its solid performance.