The Auto-Tires-Trucks group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has China Yuchai (CYD) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Auto-Tires-Trucks sector should help us answer this question.
China Yuchai is one of 96 companies in the Auto-Tires-Trucks group. The Auto-Tires-Trucks group currently sits at #11 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. China Yuchai is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for CYD's full-year earnings has moved 37.2% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, CYD has moved about 312.6% on a year-to-date basis. Meanwhile, the Auto-Tires-Trucks sector has returned an average of 5.2% on a year-to-date basis. This means that China Yuchai 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 Modine (MOD). The stock is up 36.8% year-to-date.
The consensus estimate for Modine's current year EPS has increased 2.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, China Yuchai belongs to the Automotive - Original Equipment industry, which includes 50 individual stocks and currently sits at #87 in the Zacks Industry Rank. On average, stocks in this group have gained 14.9% this year, meaning that CYD is performing better in terms of year-to-date returns. Modine is also part of the same industry.
Investors interested in the Auto-Tires-Trucks sector may want to keep a close eye on China Yuchai and Modine as they attempt to continue their solid performance.
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China Yuchai International Limited (CYD): 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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