Investors interested in Auto-Tires-Trucks stocks should always be looking to find the best-performing companies in the group. Is Bridgestone Corp. (BRDCY) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Bridgestone Corp. is one of 104 companies in the Auto-Tires-Trucks group. The Auto-Tires-Trucks group currently sits at #9 within the Zacks Sector Rank. 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 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. Bridgestone Corp. is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for BRDCY's full-year earnings has moved 6.9% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that BRDCY has returned about 6.1% since the start of the calendar year. At the same time, Auto-Tires-Trucks stocks have lost an average of 11.5%. This means that Bridgestone Corp. 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 Fox Factory Holding (FOXF). The stock has returned 8% year-to-date.
Over the past three months, Fox Factory Holding's consensus EPS estimate for the current year has increased 8.4%. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Bridgestone Corp. is a member of the Automotive - Foreign industry, which includes 24 individual companies and currently sits at #156 in the Zacks Industry Rank. On average, this group has lost an average of 15.5% so far this year, meaning that BRDCY is performing better in terms of year-to-date returns.
Fox Factory Holding, however, belongs to the Automotive - Domestic industry. Currently, this 17-stock industry is ranked #44. The industry has moved -12.2% so far this year.
Investors with an interest in Auto-Tires-Trucks stocks should continue to track Bridgestone Corp. and Fox Factory Holding. These stocks will be looking to continue their solid performance.
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Bridgestone Corp. (BRDCY): Free Stock Analysis Report
Fox Factory Holding Corp. (FOXF): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).