Has Fiat Chrysler (FCAU) Outpaced Other Auto-Tires-Trucks Stocks This Year?
Investors interested in Auto-Tires-Trucks stocks should always be looking to find the best-performing companies in the group. Has Fiat Chrysler Automobiles N.V. (FCAU) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Fiat Chrysler Automobiles N.V. is one of 77 individual stocks in the Auto-Tires-Trucks sector. Collectively, these companies sit at #11 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. FCAU is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for FCAU's full-year earnings has moved 14.54% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, FCAU has gained about 28.03% so far this year. In comparison, Auto-Tires-Trucks companies have returned an average of -2.19%. As we can see, Fiat Chrysler Automobiles N.V. is performing better than its sector in the calendar year.
Looking more specifically, FCAU belongs to the Automotive - Foreign industry, a group that includes 18 individual stocks and currently sits at #189 in the Zacks Industry Rank. On average, stocks in this group have gained 2.45% this year, meaning that FCAU is performing better in terms of year-to-date returns.
Investors with an interest in Auto-Tires-Trucks stocks should continue to track FCAU. The stock will be looking to continue its solid performance.
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Fiat Chrysler Automobiles N.V. (FCAU) : Free Stock Analysis Report
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