As investors quest for robust performers in the Auto-Tires-Trucks realm, the chase for companies transcending their peers gains traction. Could Nikola‘s NKLA stock be wielding the crown currently? Let’s delve into the stock’s year-to-date journey to discern the truth.
A proud constituent of the Auto-Tires-Trucks fraternity, at the zenith of a 110-member roster, Nikola sparkles at #10 within the Zacks Sector Rank hierarchy. This rank canvasses 16 clusters, encapsulating the average Zacks Rank of individual stocks within the sector to unveil the robustness of each cohort.
At its core, the Zacks Rank is a battle-tested metric amplifying earnings forecasts and revisions, spotlighting a cohort of stocks flaunting attributes poised to outstrip the market over the impending one-to-three months. Nikola strides gallantly with a heady Zacks Rank of #2 (Buy).
In the bygone trimester, the Zacks Consensus Estimate for NKLA’s annual earnings has vaulted to a striking 30.2%. This signal of heightened analyst favor and bolstered earnings trajectory outlines a confident path ahead.
Diving into the nitty-gritty, NKLA has soared by about 3.9% in the year’s annals, while Auto-Tires-Trucks counterparts have weathered an average storm resulting in a 3.7% setback. This narrative paints Nikola as a stellar performer besting its ilk in the realm of year-to-date gains.
Oshkosh OSK stands shoulder-to-shoulder as another Auto-Tires-Trucks stallion outrunning the pack this season. Since dawn broke on the new year, the stock has gifted investors with a 14% return on investment.
Over the same temporal plane, Oshkosh’s consensus EPS projection for the present fiscal year has garnered a 0.2% upsurge. Echoing Nikola’s anthem, this stock too proudly dons a Zacks Rank #2 (Buy).
Zooming in, Nikola finds its abode in the Automotive – Domestic arena cladded with 20 other contenders and standing tall at #57 in the Zacks Industry Rank lexicon. Onlookers witness a stark 19.4% plunge within this collective this fiscal year, spotlighting NKLA in a more favorable dazzle.
On the flip side, Oshkosh finds its roots entrenched in the Automotive – Original Equipment terrain. Currently, this 55-entity sector rests at #140, experiencing a commendable 6% ascent during this period.
For the investor cohort fixated on the Auto-Tires-Trucks domain, Nikola and Oshkosh emerge as luminaries beckoning closer scrutiny as they orchestrate their virtuoso performances.