Has Ford Motor (F) 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 Ford Motor (F) one of those stocks right now? 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.
Ford Motor is a member of our Auto-Tires-Trucks group, which includes 87 different companies and currently sits at #16 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. F is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for F's full-year earnings has moved 10% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, F has gained about 34.90% so far this year. At the same time, Auto-Tires-Trucks stocks have gained an average of 10.70%. This means that Ford Motor is outperforming the sector as a whole this year.
To break things down more, F belongs to the Automotive - Domestic industry, a group that includes 8 individual companies and currently sits at #109 in the Zacks Industry Rank. This group has gained an average of 7.58% so far this year, so F is performing better in this area.
F 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.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Ford Motor Company (F) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
