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Is Byd Co. (BYDDY) Outperforming Other Auto-Tires-Trucks Stocks This Year?

Zacks Equity Research
·2-min read

Investors interested in Auto-Tires-Trucks stocks should always be looking to find the best-performing companies in the group. Is Byd Co., Ltd. (BYDDY) one of those stocks right now? 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.

Byd Co., Ltd. is one of 129 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 groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

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. Byd Co., Ltd. is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for BYDDY's full-year earnings has moved 37.9% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

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Based on the most recent data, BYDDY has returned 8.6% so far this year. At the same time, Auto-Tires-Trucks stocks have lost an average of 19.8%. This shows that Byd Co., Ltd. is outperforming its peers so far this year.

EVgo Inc. (EVGO) 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 17.9%.

For EVgo Inc. the consensus EPS estimate for the current year has increased 13% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

Breaking things down more, Byd Co., Ltd. is a member of the Automotive - Foreign industry, which includes 28 individual companies and currently sits at #140 in the Zacks Industry Rank. On average, stocks in this group have lost 18.7% this year, meaning that BYDDY is performing better in terms of year-to-date returns.

On the other hand, EVgo Inc. belongs to the Automotive - Original Equipment industry. This 63-stock industry is currently ranked #149. The industry has moved -23% year to date.

Going forward, investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to Byd Co., Ltd. and EVgo Inc. as they could maintain their solid performance.


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