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The Zacks Rank Explained: How to Find Strong Buy Auto, Tires and Trucks Stocks

Whether you're a growth, value, income, or momentum-focused investor, building a successful investment portfolio takes skill, research, and a little bit of luck.

Should You Buy #1 (Strong Buy)-Ranked Allison Transmission (ALSN) for Your Portfolio?

Allison Transmission was upgraded to the Zacks Rank #1 list on August 15, 2023. The Zacks Rank is a unique stock-rating model that helps you take advantage of earnings estimate revision trends and provides a way to get into stocks highly sought after by institutional investors.

Headquartered in Indianapolis, IN, Allison Transmission Holdings, Inc. is a manufacturer of fully-automatic transmissions for medium and heavy-duty commercial and heavy-tactical U.S. defense vehicles. In fact, the company is the largest producer of fully-automatic transmissions, holding the leading position in several niche markets. The firm also offers electric hybrid and fully electric propulsion systems.


Four analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.33 to $6.87 per share. ALSN boasts an average earnings surprise of 19.3%.

Earnings are forecasted to see growth of 24.2% for the current fiscal year, and sales are expected to increase 9.3%.

Even more impressive, ALSN has gained in value over the past four weeks, up 2.2% compared to the S&P 500's gain of 1.9%.

Bottom Line

With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Allison Transmission could be just the stock to help your portfolio generate returns that could fund your retirement, your kids' college tuition, or your short- and long-term savings goals.

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Allison Transmission Holdings, Inc. (ALSN) : Free Stock Analysis Report

Zacks Investment Research