We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Has Tesla (TSLA) Outpaced Other Auto-Tires-Trucks Stocks This Year?
Read MoreHide Full Article
Investors interested in Auto-Tires-Trucks stocks should always be looking to find the best-performing companies in the group. Tesla (TSLA - Free Report) 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.
Tesla is one of 117 individual stocks in the Auto-Tires-Trucks sector. Collectively, these companies sit at #16 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Tesla is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for TSLA's full-year earnings has moved 21% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, TSLA has returned 54.3% so far this year. At the same time, Auto-Tires-Trucks stocks have gained an average of 16.6%. As we can see, Tesla is performing better than its sector in the calendar year.
To break things down more, Tesla belongs to the Automotive - Domestic industry, a group that includes 21 individual companies and currently sits at #160 in the Zacks Industry Rank. On average, this group has gained an average of 36.3% so far this year, meaning that TSLA is performing better in terms of year-to-date returns.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Has Tesla (TSLA) Outpaced Other Auto-Tires-Trucks Stocks This Year?
Investors interested in Auto-Tires-Trucks stocks should always be looking to find the best-performing companies in the group. Tesla (TSLA - Free Report) 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.
Tesla is one of 117 individual stocks in the Auto-Tires-Trucks sector. Collectively, these companies sit at #16 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Tesla is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for TSLA's full-year earnings has moved 21% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, TSLA has returned 54.3% so far this year. At the same time, Auto-Tires-Trucks stocks have gained an average of 16.6%. As we can see, Tesla is performing better than its sector in the calendar year.
To break things down more, Tesla belongs to the Automotive - Domestic industry, a group that includes 21 individual companies and currently sits at #160 in the Zacks Industry Rank. On average, this group has gained an average of 36.3% so far this year, meaning that TSLA is performing better in terms of year-to-date returns.