Investors interested in Auto-Tires-Trucks stocks should always be looking to find the best-performing companies in the group. Is Allison Transmission (ALSN) 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.
Allison Transmission is one of 103 companies in the Auto-Tires-Trucks group. The Auto-Tires-Trucks group currently sits at #13 within 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 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. Allison Transmission is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for ALSN's full-year earnings has moved 19% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that ALSN has returned about 18.2% since the start of the calendar year. Meanwhile, the Auto-Tires-Trucks sector has returned an average of -1.8% on a year-to-date basis. This means that Allison Transmission is outperforming the sector as a whole this year.
One other Auto-Tires-Trucks stock that has outperformed the sector so far this year is China Yuchai (CYD). The stock is up 47.5% year-to-date.
For China Yuchai, the consensus EPS estimate for the current year has increased 42.2% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Allison Transmission is a member of the Automotive - Original Equipment industry, which includes 54 individual companies and currently sits at #141 in the Zacks Industry Rank. On average, this group has gained an average of 10.9% so far this year, meaning that ALSN is performing better in terms of year-to-date returns. China Yuchai is also part of the same industry.
Investors with an interest in Auto-Tires-Trucks stocks should continue to track Allison Transmission and China Yuchai. These stocks will be looking to continue their solid performance.
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Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report China Yuchai International Limited (CYD): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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