Is Bridgestone (BRDCY) Outperforming Other Auto-Tires-Trucks Stocks This Year?

The Auto-Tires-Trucks group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Bridgestone Corp. (BRDCY) 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.Bridgestone Corp. is a member of the Auto-Tires-Trucks sector. This group includes 100 individual stocks and currently holds a Zacks Sector Rank of #9. 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 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. Bridgestone Corp. is currently sporting a Zacks Rank of #2 (Buy).Over the past 90 days, the Zacks Consensus Estimate for BRDCY's full-year earnings has moved 0.6% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.Based on the most recent data, BRDCY has returned 20.5% so far this year. At the same time, Auto-Tires-Trucks stocks have lost an average of 23.4%. This means that Bridgestone Corp. is outperforming the sector as a whole this year.Another stock in the Auto-Tires-Trucks sector, Dana (DAN), has outperformed the sector so far this year. The stock's year-to-date return is 13.8%.In Dana's case, the consensus EPS estimate for the current year increased 23.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).To break things down more, Bridgestone Corp. belongs to the Automotive - Foreign industry, a group that includes 23 individual companies and currently sits at #128 in the Zacks Industry Rank. On average, this group has lost an average of 5.3% so far this year, meaning that BRDCY is performing better in terms of year-to-date returns.Dana, however, belongs to the Automotive - Original Equipment industry. Currently, this 50-stock industry is ranked #130. The industry has moved -7.1% so far this year.Investors interested in the Auto-Tires-Trucks sector may want to keep a close eye on Bridgestone Corp. and Dana as they attempt to continue their solid performance.Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>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 Bridgestone Corp. (BRDCY): Free Stock Analysis Report Dana Incorporated (DAN): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks