The Auto-Tires-Trucks group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Blue Bird (BLBD) 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.
Blue Bird is a member of our Auto-Tires-Trucks group, which includes 96 different companies and currently sits at #15 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. Blue Bird is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for BLBD's full-year earnings has moved 10% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, BLBD has gained about 46.2% so far this year. Meanwhile, the Auto-Tires-Trucks sector has returned an average of -8.2% on a year-to-date basis. This means that Blue Bird is performing better than its sector in terms of year-to-date returns.
One other Auto-Tires-Trucks stock that has outperformed the sector so far this year is QuantumScape Corporation (QS). The stock is up 81.9% year-to-date.
Over the past three months, QuantumScape Corporation's consensus EPS estimate for the current year has increased 6.4%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Blue Bird belongs to the Automotive - Domestic industry, which includes 15 individual stocks and currently sits at #159 in the Zacks Industry Rank. On average, stocks in this group have lost 13.9% this year, meaning that BLBD is performing better in terms of year-to-date returns.
On the other hand, QuantumScape Corporation belongs to the Automotive - Original Equipment industry. This 50-stock industry is currently ranked #155. The industry has moved +6.4% year to date.
Investors interested in the Auto-Tires-Trucks sector may want to keep a close eye on Blue Bird and QuantumScape Corporation as they attempt to continue their solid performance.
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Blue Bird Corporation (BLBD): Free Stock Analysis Report QuantumScape Corporation (QS): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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