The Auto-Tires-Trucks group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Atmus Filtration Technologies (ATMU) 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.
Atmus Filtration Technologies is a member of the Auto-Tires-Trucks sector. This group includes 103 individual stocks and currently holds a Zacks Sector Rank of #7. 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. Atmus Filtration Technologies is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ATMU's full-year earnings has moved 4.9% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, ATMU has returned 13% so far this year. Meanwhile, stocks in the Auto-Tires-Trucks group have lost about 8.2% on average. This shows that Atmus Filtration Technologies is outperforming its peers so far this year.
Another Auto-Tires-Trucks stock, which has outperformed the sector so far this year, is LCI (LCII). The stock has returned 6.9% year-to-date.
Over the past three months, LCI's consensus EPS estimate for the current year has increased 14.4%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Atmus Filtration Technologies belongs to the Automotive - Original Equipment industry, which includes 54 individual stocks and currently sits at #83 in the Zacks Industry Rank. This group has lost an average of 1% so far this year, so ATMU is performing better in this area. LCI is also part of the same industry.
Atmus Filtration Technologies and LCI could continue their solid performance, so investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to these stocks.
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Atmus Filtration Technologies Inc. (ATMU): Free Stock Analysis Report LCI Industries (LCII): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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