Has Allison Transmission Holdings (ALSN) Outpaced Other Auto-Tires-Trucks Stocks This Year?
The Auto-Tires-Trucks group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Allison Transmission (ALSN) 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 is one of 130 companies in the Auto-Tires-Trucks group. The Auto-Tires-Trucks group currently sits at #14 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. Allison Transmission is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ALSN's full-year earnings has moved 1.6% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, ALSN has moved about 5.6% on a year-to-date basis. Meanwhile, stocks in the Auto-Tires-Trucks group have lost about 34.1% on average. This means that Allison Transmission is outperforming the sector as a whole this year.
One other Auto-Tires-Trucks stock that has outperformed the sector so far this year is Byd Co., Ltd. (BYDDY). The stock is up 18.1% year-to-date.
The consensus estimate for Byd Co., Ltd.'s current year EPS has increased 4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Allison Transmission belongs to the Automotive - Original Equipment industry, a group that includes 64 individual stocks and currently sits at #147 in the Zacks Industry Rank. On average, stocks in this group have lost 34.6% this year, meaning that ALSN is performing better in terms of year-to-date returns.
Byd Co., Ltd. however, belongs to the Automotive - Foreign industry. Currently, this 28-stock industry is ranked #161. The industry has moved -21.6% so far this year.
Going forward, investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to Allison Transmission and Byd Co., Ltd. as they could maintain their solid performance.
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