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Investors focused on the Auto-Tires-Trucks space have likely heard of Toyota Motor (TM), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of TM and the rest of the Auto-Tires-Trucks group's stocks.
Toyota Motor is a member of our Auto-Tires-Trucks group, which includes 109 different companies and currently sits at #11 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. TM is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for TM's full-year earnings has moved 8.92% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that TM has returned about 16.13% since the start of the calendar year. Meanwhile, the Auto-Tires-Trucks sector has returned an average of -1.36% on a year-to-date basis. This shows that Toyota Motor is outperforming its peers so far this year.
To break things down more, TM belongs to the Automotive - Foreign industry, a group that includes 22 individual companies and currently sits at #186 in the Zacks Industry Rank. This group has gained an average of 9.70% so far this year, so TM is performing better in this area.
Investors in the Auto-Tires-Trucks sector will want to keep a close eye on TM as it attempts to continue its solid performance.
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