Investors interested in Auto-Tires-Trucks stocks should always be looking to find the best-performing companies in the group. Has China Yuchai (CYD) 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.
China Yuchai is a member of our Auto-Tires-Trucks group, which includes 100 different companies and currently sits at #12 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 is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. China Yuchai is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for CYD's full-year earnings has moved 3.9% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, CYD has moved about 42% on a year-to-date basis. Meanwhile, stocks in the Auto-Tires-Trucks group have lost about 8% on average. This means that China Yuchai is outperforming the sector as a whole this year.
Douglas Dynamics (PLOW) is another Auto-Tires-Trucks stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 31.5%.
In Douglas Dynamics' case, the consensus EPS estimate for the current year increased 25.7% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, China Yuchai is a member of the Automotive - Original Equipment industry, which includes 52 individual companies and currently sits at #150 in the Zacks Industry Rank. On average, stocks in this group have lost 2.3% this year, meaning that CYD is performing better in terms of year-to-date returns.
In contrast, Douglas Dynamics falls under the Automotive - Replacement Parts industry. Currently, this industry has 6 stocks and is ranked #56. Since the beginning of the year, the industry has moved +47.4%.
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).