The Auto-Tires-Trucks group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Fox Factory Holding (FOXF) 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? One simple way to answer this question is to take a look at the year-to-date performance of FOXF and the rest of the Auto-Tires-Trucks group’s stocks.
Fox Factory Holding is one of 86 companies in the Auto-Tires-Trucks group. The Auto-Tires-Trucks group currently sits at #15 within 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 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. FOXF is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for FOXF’s full-year earnings has moved 5.25% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, FOXF has gained about 44.14% so far this year. In comparison, Auto-Tires-Trucks companies have returned an average of -22.25%. As we can see, Fox Factory Holding is performing better than its sector in the calendar year.
Looking more specifically, FOXF belongs to the Automotive – Domestic industry, which includes 8 individual stocks and currently sits at #20 in the Zacks Industry Rank. This group has lost an average of 13.51% so far this year, so FOXF is performing better in this area.
Investors in the Auto-Tires-Trucks sector will want to keep a close eye on FOXF as it attempts to continue its solid performance.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Be the first to comment