Investors interested in Auto-Tires-Trucks stocks should always be looking to find the best-performing companies in the group. Geely Automobile Holdings Ltd. (GELYY) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
Geely Automobile Holdings Ltd. is one of 96 individual stocks in the Auto-Tires-Trucks sector. Collectively, these companies sit at #12 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 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. Geely Automobile Holdings Ltd. is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for GELYY's full-year earnings has moved 11.2% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that GELYY has returned about 31.6% since the start of the calendar year. In comparison, Auto-Tires-Trucks companies have returned an average of -11.4%. This means that Geely Automobile Holdings Ltd. is outperforming the sector as a whole this year.
XPeng Inc. Sponsored ADR (XPEV) is another Auto-Tires-Trucks stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 60.5%.
Over the past three months, XPeng Inc. Sponsored ADR's consensus EPS estimate for the current year has increased 3.4%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Geely Automobile Holdings Ltd. belongs to the Automotive - Foreign industry, which includes 22 individual stocks and currently sits at #227 in the Zacks Industry Rank. On average, this group has gained an average of 1% so far this year, meaning that GELYY is performing better in terms of year-to-date returns. XPeng Inc. Sponsored ADR is also part of the same industry.
Investors with an interest in Auto-Tires-Trucks stocks should continue to track Geely Automobile Holdings Ltd. and XPeng Inc. Sponsored ADR. These stocks will be looking to continue their solid performance.
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Geely Automobile Holdings Ltd. (GELYY): Free Stock Analysis Report XPeng Inc. Sponsored ADR (XPEV): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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