Investors interested in Auto-Tires-Trucks stocks should always be looking to find the best-performing companies in the group. Is China Yuchai (CYD) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
China Yuchai is one of 100 individual stocks in the Auto-Tires-Trucks sector. Collectively, these companies sit at #14 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. China Yuchai is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for CYD's full-year earnings has moved 5.1% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, CYD has returned 63.8% so far this year. At the same time, Auto-Tires-Trucks stocks have lost an average of 4.8%. This means that China Yuchai 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 Douglas Dynamics (PLOW). The stock has returned 37.1% year-to-date.
The consensus estimate for Douglas Dynamics' current year EPS has increased 15% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, China Yuchai belongs to the Automotive - Original Equipment industry, which includes 52 individual stocks and currently sits at #147 in the Zacks Industry Rank. This group has gained an average of 8.5% so far this year, so CYD is performing better in this area.
On the other hand, Douglas Dynamics belongs to the Automotive - Replacement Parts industry. This 6-stock industry is currently ranked #48. The industry has moved -6.5% year to date.
Investors interested in the Auto-Tires-Trucks sector may want to keep a close eye on China Yuchai and Douglas Dynamics as they attempt to continue their solid performance.
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China Yuchai International Limited (CYD): Free Stock Analysis Report
Douglas Dynamics, Inc. (PLOW): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).