Investors interested in Auto-Tires-Trucks stocks should always be looking to find the best-performing companies in the group. Has Dana (DAN) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Dana is a member of the Auto-Tires-Trucks sector. This group includes 103 individual stocks and currently holds a Zacks Sector Rank of #9. 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 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. Dana is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for DAN's full-year earnings has moved 23.1% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, DAN has returned 1.7% so far this year. Meanwhile, stocks in the Auto-Tires-Trucks group have lost about 28.4% on average. This means that Dana is performing better than its sector in terms of year-to-date returns.
Honda Motor (HMC) is another Auto-Tires-Trucks stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 2%.
For Honda Motor, the consensus EPS estimate for the current year has increased 0.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Dana belongs to the Automotive - Original Equipment industry, which includes 53 individual stocks and currently sits at #172 in the Zacks Industry Rank. This group has lost an average of 12.3% so far this year, so DAN is performing better in this area.
Honda Motor, however, belongs to the Automotive - Foreign industry. Currently, this 24-stock industry is ranked #83. The industry has moved -8.4% so far this year.
Investors interested in the Auto-Tires-Trucks sector may want to keep a close eye on Dana and Honda Motor as they attempt to continue their solid performance.
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Dana Incorporated (DAN): Free Stock Analysis Report Honda Motor Co., Ltd. (HMC): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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