For those looking to find strong Auto-Tires-Trucks stocks, it is prudent to search for companies in the group that are outperforming their peers. Aptiv PLC (APTV) 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? 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.
Aptiv PLC 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 considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. Aptiv PLC is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for APTV’s full-year earnings has moved 4.7% higher. This signals that analyst sentiment is improving and the stock’s earnings outlook is more positive.
Based on the most recent data, APTV has returned 13.6% so far this year. At the same time, Auto-Tires-Trucks stocks have gained an average of 11.3%. As we can see, Aptiv PLC is performing better than its sector in the calendar year.
Another stock in the Auto-Tires-Trucks sector, Xos, Inc. (XOS), has outperformed the sector so far this year. The stock’s year-to-date return is 18.8%.
In Xos, Inc.’s case, the consensus EPS estimate for the current year increased 21.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Aptiv PLC belongs to the Automotive – Original Equipment industry, a group that includes 54 individual stocks and currently sits at #75 in the Zacks Industry Rank. Stocks in this group have gained about 1.2% so far this year, so APTV is performing better this group in terms of year-to-date returns.
Xos, Inc., however, belongs to the Automotive – Domestic industry. Currently, this 16-stock industry is ranked #100. The industry has moved +13.4% so far this year.
Investors interested in the Auto-Tires-Trucks sector may want to keep a close eye on Aptiv PLC and Xos, Inc. as they attempt to continue their solid performance.
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