We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
Are Auto-Tires-Trucks Stocks Lagging Aeva Technologies (AEVA) 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. Has Aeva Technologies, Inc. (AEVA - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Aeva Technologies, Inc. is one of 103 individual stocks in the Auto-Tires-Trucks sector. Collectively, these companies sit at #11 in 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 is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Aeva Technologies, Inc. is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for AEVA's full-year earnings has moved 20.3% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, AEVA has moved about 54.3% on a year-to-date basis. In comparison, Auto-Tires-Trucks companies have returned an average of -27.5%. This means that Aeva Technologies, Inc. is outperforming the sector as a whole this year.
One other Auto-Tires-Trucks stock that has outperformed the sector so far this year is Michelin (MGDDY - Free Report) . The stock is up 3.1% year-to-date.
In Michelin's case, the consensus EPS estimate for the current year increased 10.9% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Aeva Technologies, Inc. belongs to the Automotive - Original Equipment industry, a group that includes 53 individual companies and currently sits at #181 in the Zacks Industry Rank. Stocks in this group have lost about 13.6% so far this year, so AEVA is performing better this group in terms of year-to-date returns.
On the other hand, Michelin belongs to the Rubber - Tires industry. This 2-stock industry is currently ranked #4. The industry has moved +7.4% year to date.
Aeva Technologies, Inc. and Michelin could continue their solid performance, so investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to these stocks.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Are Auto-Tires-Trucks Stocks Lagging Aeva Technologies (AEVA) This Year?
Investors interested in Auto-Tires-Trucks stocks should always be looking to find the best-performing companies in the group. Has Aeva Technologies, Inc. (AEVA - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Aeva Technologies, Inc. is one of 103 individual stocks in the Auto-Tires-Trucks sector. Collectively, these companies sit at #11 in 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 is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Aeva Technologies, Inc. is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for AEVA's full-year earnings has moved 20.3% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, AEVA has moved about 54.3% on a year-to-date basis. In comparison, Auto-Tires-Trucks companies have returned an average of -27.5%. This means that Aeva Technologies, Inc. is outperforming the sector as a whole this year.
One other Auto-Tires-Trucks stock that has outperformed the sector so far this year is Michelin (MGDDY - Free Report) . The stock is up 3.1% year-to-date.
In Michelin's case, the consensus EPS estimate for the current year increased 10.9% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Aeva Technologies, Inc. belongs to the Automotive - Original Equipment industry, a group that includes 53 individual companies and currently sits at #181 in the Zacks Industry Rank. Stocks in this group have lost about 13.6% so far this year, so AEVA is performing better this group in terms of year-to-date returns.
On the other hand, Michelin belongs to the Rubber - Tires industry. This 2-stock industry is currently ranked #4. The industry has moved +7.4% year to date.
Aeva Technologies, Inc. and Michelin could continue their solid performance, so investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to these stocks.