The Auto-Tires-Trucks group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Strattec Security (STRT) 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.
Strattec Security is a member of the Auto-Tires-Trucks sector. This group includes 99 individual stocks and currently holds a Zacks Sector Rank of #11. 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 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. Strattec Security is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for STRT's full-year earnings has moved 23.3% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, STRT has moved about 60.9% on a year-to-date basis. Meanwhile, the Auto-Tires-Trucks sector has returned an average of 2.1% on a year-to-date basis. As we can see, Strattec Security is performing better than its sector in the calendar year.
One other Auto-Tires-Trucks stock that has outperformed the sector so far this year is XPEL, Inc. (XPEL). The stock is up 3.3% year-to-date.
The consensus estimate for XPEL, Inc.'s current year EPS has increased 0.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Strattec Security belongs to the Automotive - Original Equipment industry, a group that includes 51 individual companies and currently sits at #74 in the Zacks Industry Rank. Stocks in this group have lost about 2.4% so far this year, so STRT is performing better this group in terms of year-to-date returns. XPEL, Inc. is also part of the same industry.
Investors with an interest in Auto-Tires-Trucks stocks should continue to track Strattec Security and XPEL, Inc.. These stocks will be looking to continue their solid performance.
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Strattec Security Corporation (STRT): Free Stock Analysis Report XPEL, Inc. (XPEL): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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