Investors interested in Auto-Tires-Trucks stocks should always be looking to find the best-performing companies in the group. Allison Transmission Holdings (ALSN) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of ALSN and the rest of the Auto-Tires-Trucks group's stocks.
Allison Transmission Holdings is one of 76 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. ALSN is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for ALSN's full-year earnings has moved 11.06% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, ALSN has gained about 23.01% so far this year. In comparison, Auto-Tires-Trucks companies have returned an average of -5.46%. As we can see, Allison Transmission Holdings is performing better than its sector in the calendar year.
Looking more specifically, ALSN belongs to the Automotive - Original Equipment industry, a group that includes 37 individual stocks and currently sits at #169 in the Zacks Industry Rank. This group has lost an average of 1.09% so far this year, so ALSN is performing better in this area.
ALSN will likely be looking to continue its solid performance, so investors interested Auto-Tires-Trucks stocks should continue to pay close attention to the company.
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