The Auto-Tires-Trucks group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Blue Bird (BLBD) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Auto-Tires-Trucks peers, we might be able to answer that question.
Blue Bird is a member of our Auto-Tires-Trucks group, which includes 103 different companies and currently sits at #13 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. Blue Bird is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for BLBD's full-year earnings has moved 5.8% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, BLBD has gained about 18.2% so far this year. At the same time, Auto-Tires-Trucks stocks have lost an average of 5.4%. This means that Blue Bird is performing better than its sector in terms of year-to-date returns.
Another Auto-Tires-Trucks stock, which has outperformed the sector so far this year, is Gentex (GNTX). The stock has returned 5.2% year-to-date.
The consensus estimate for Gentex's current year EPS has increased 1.7% 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 16 individual stocks and currently sits at #86 in the Zacks Industry Rank. On average, stocks in this group have lost 9.6% this year, meaning that BLBD is performing better in terms of year-to-date returns.
Gentex, however, belongs to the Automotive - Original Equipment industry. Currently, this 54-stock industry is ranked #143. The industry has moved +2.5% so far this year.
Investors with an interest in Auto-Tires-Trucks stocks should continue to track Blue Bird and Gentex. These stocks will be looking to continue their solid performance.
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Blue Bird Corporation (BLBD): Free Stock Analysis Report Gentex Corporation (GNTX): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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