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Stock impact report

Is Nikola (NKLA) Stock Outpacing Its Auto-Tires-Trucks Peers This Year? [Yahoo! Finance]

Nikola Corporation (NKLA) 
Company Research Source: Yahoo! Finance
Is Nikola (NKLA) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out. Nikola is a member of our Auto-Tires-Trucks group, which includes 110 different companies and currently sits at #10 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group. The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Nikola is currently sporting a Zacks Rank of #2 (Buy). Over the past three months, the Zacks Consensus Estimate for NKLA's full-year earnings has moved 30.2% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger. According to our latest data, NKLA has moved about 3.9% on a year-to-d Show less Read more
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