For those looking to find strong Auto-Tires-Trucks stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Blue Bird (BLBD) one of those stocks right now? 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.
Blue Bird is one of 99 individual stocks in the Auto-Tires-Trucks sector. Collectively, these companies sit at #8 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. Blue Bird is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for BLBD's full-year earnings has moved 1.8% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that BLBD has returned about 35.2% since the start of the calendar year. In comparison, Auto-Tires-Trucks companies have returned an average of 8.2%. This means that Blue Bird is outperforming the sector as a whole this year.
Another Auto-Tires-Trucks stock, which has outperformed the sector so far this year, is Garrett Motion (GTX). The stock has returned 83.1% year-to-date.
For Garrett Motion, the consensus EPS estimate for the current year has increased 4.1% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Blue Bird belongs to the Automotive - Domestic industry, a group that includes 14 individual stocks and currently sits at #61 in the Zacks Industry Rank. On average, this group has gained an average of 10.4% so far this year, meaning that BLBD is performing better in terms of year-to-date returns.
On the other hand, Garrett Motion belongs to the Automotive - Original Equipment industry. This 51-stock industry is currently ranked #88. The industry has moved +0.1% year to date.
Investors interested in the Auto-Tires-Trucks sector may want to keep a close eye on Blue Bird and Garrett Motion as they attempt to continue their solid performance.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Blue Bird Corporation (BLBD): Free Stock Analysis Report Garrett Motion Inc. (GTX): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
