The Aerospace group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Leonardo DRS, Inc. (DRS) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Leonardo DRS, Inc. is one of 64 individual stocks in the Aerospace sector. Collectively, these companies sit at #10 in the Zacks Sector Rank. 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. Leonardo DRS, Inc. is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for DRS' full-year earnings has moved 2.8% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, DRS has returned 33.8% so far this year. In comparison, Aerospace companies have returned an average of 29.1%. As we can see, Leonardo DRS, Inc. is performing better than its sector in the calendar year.
Another stock in the Aerospace sector, Airbus SE - Unsponsored ADR (EADSY), has outperformed the sector so far this year. The stock's year-to-date return is 46.6%.
In Airbus SE - Unsponsored ADR's case, the consensus EPS estimate for the current year increased 1.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Leonardo DRS, Inc. belongs to the Aerospace - Defense Equipment industry, a group that includes 38 individual stocks and currently sits at #81 in the Zacks Industry Rank. On average, this group has gained an average of 30.5% so far this year, meaning that DRS is performing better in terms of year-to-date returns. Airbus SE - Unsponsored ADR is also part of the same industry.
Investors with an interest in Aerospace stocks should continue to track Leonardo DRS, Inc. and Airbus SE - Unsponsored ADR. These stocks will be looking to continue their solid performance.
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Leonardo DRS, Inc. (DRS): Free Stock Analysis Report Airbus SE - Unsponsored ADR (EADSY): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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