Investors interested in Auto-Tires-Trucks stocks should always be looking to find the best-performing companies in the group. Has Atmus Filtration Technologies (ATMU) been one of those stocks this year? 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 our Auto-Tires-Trucks group, which includes 104 different companies and currently sits at #12 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. Atmus Filtration Technologies is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for ATMU's full-year earnings has moved 2.3% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, ATMU has moved about 0.3% on a year-to-date basis. In comparison, Auto-Tires-Trucks companies have returned an average of -9.3%. As we can see, Atmus Filtration Technologies is performing better than its sector in the calendar year.
Another stock in the Auto-Tires-Trucks sector, Modine (MOD), has outperformed the sector so far this year. The stock's year-to-date return is 72%.
In Modine's case, the consensus EPS estimate for the current year increased 6.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Atmus Filtration Technologies is a member of the Automotive - Original Equipment industry, which includes 52 individual companies and currently sits at #160 in the Zacks Industry Rank. On average, this group has gained an average of 3.9% so far this year, meaning that ATMU is slightly underperforming its industry in terms of year-to-date returns. Modine is also part of the same industry.
Going forward, investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to Atmus Filtration Technologies and Modine as they could maintain their solid performance.
Radical New Technology Could Hand Investors Huge Gains
Quantum Computing is the next technological revolution, and it could be even more advanced than AI.
While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.
Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power .
Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.
See Top Quantum Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Atmus Filtration Technologies Inc. (ATMU): Free Stock Analysis Report
Modine Manufacturing Company (MOD): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).