Does Mazda Motor Corporation (MZDAY) outperform other auto-tire-truck stocks this year?


Jhe Auto-Tires-Trucks group has many attractive stocks, but investors should always look for companies that are outperforming their peers. Is Mazda Motor Corporation (MZDAY) one of those stocks right now? A quick look at the company’s year-to-date performance against the rest of the Auto-Tire-Truck sector should help answer that question.

Mazda Motor Corporation is one of 126 companies in the Auto-Tyres-Trucks group. The Auto-Tires-Trucks group is currently ranked 8th in the Zacks industry rankings. The Zacks Industry Ranking considers 16 different industry groups. The average Zacks ranking of individual stocks within groups is measured and sectors are listed from best to worst.

The Zacks Ranking is a successful stock selection 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. Mazda Motor Corporation currently sports a Zacks rank of No. 2 (buy).

Zacks’ consensus estimate for MZDAY’s full-year earnings rose 17.9% in the last quarter. This signals that analyst sentiment is improving and the stock’s earnings outlook is more positive.

According to our latest data, MZDAY is up around 6.3% year-to-date. At the same time, Auto-Tire-Truck stocks gained an average of 4.8%. As we can see, Mazda Motor Corporation performs better than its industry in the calendar year.

Another Auto-Tires-Trucks stock that has outperformed the sector so far this year is Nissan Motor Co. (NSANY). The title is up 11.3% since the start of the year.

In the case of Nissan Motor Co., the current-year EPS consensus estimate rose 225.3% over the past three months. The stock currently has a Zacks rank #2 (buy).

Breaking down further, Mazda Motor Corporation is a member of the Automotive Industry – Foreign, which comprises 26 individual companies and is currently ranked 162nd in the Zacks industry rankings. Shares in this group have gained around 5.9% so far this year, so MZDAY is seeing better performance from this group in terms of year-to-date returns. Nissan Motor Co. is also part of the same industry.

Investors interested in Auto-Tires-Trucks stocks should continue to follow Mazda Motor Corporation and Nissan Motor Co. These stocks will look to continue their strong performance.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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