Investors interested in Auto-Tires-Trucks stocks should always be looking to find the best-performing companies in the group. Has Blue Bird (BLBD) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Blue Bird is a member of our Auto-Tires-Trucks group, which includes 96 different companies and currently sits at #10 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Blue Bird is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for BLBD's full-year earnings has moved 10% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, BLBD has returned 51.2% so far this year. In comparison, Auto-Tires-Trucks companies have returned an average of -8.4%. As we can see, Blue Bird is performing better than its sector in the calendar year.
Another Auto-Tires-Trucks stock, which has outperformed the sector so far this year, is Modine (MOD). The stock has returned 17.4% year-to-date.
In Modine's case, the consensus EPS estimate for the current year increased 2.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Blue Bird belongs to the Automotive - Domestic industry, a group that includes 15 individual stocks and currently sits at #163 in the Zacks Industry Rank. On average, this group has lost an average of 15.3% so far this year, meaning that BLBD is performing better in terms of year-to-date returns.
On the other hand, Modine belongs to the Automotive - Original Equipment industry. This 50-stock industry is currently ranked #83. The industry has moved +10.6% year to date.
Investors with an interest in Auto-Tires-Trucks stocks should continue to track Blue Bird and Modine. These stocks will be looking to continue their solid performance.
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Blue Bird Corporation (BLBD): Free Stock Analysis Report Modine Manufacturing Company (MOD): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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