Investors interested in Aerospace stocks should always be looking to find the best-performing companies in the group. Leonardo DRS, Inc. (DRS) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
Leonardo DRS, Inc. is a member of the Aerospace sector. This group includes 53 individual stocks and currently holds a Zacks Sector Rank of #2. 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Leonardo DRS, Inc. is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for DRS' full-year earnings has moved 0.2% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, DRS has gained about 11.1% so far this year. In comparison, Aerospace companies have returned an average of 1.2%. This means that Leonardo DRS, Inc. is outperforming the sector as a whole this year.
Another stock in the Aerospace sector, StandardAero, Inc. (SARO), has outperformed the sector so far this year. The stock's year-to-date return is 2%.
In StandardAero, Inc.'s case, the consensus EPS estimate for the current year increased 0.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Leonardo DRS, Inc. belongs to the Aerospace - Defense Equipment industry, a group that includes 27 individual companies and currently sits at #24 in the Zacks Industry Rank. This group has lost an average of 2.7% so far this year, so DRS is performing better in this area.
In contrast, StandardAero, Inc. falls under the Aerospace - Defense industry. Currently, this industry has 25 stocks and is ranked #152. Since the beginning of the year, the industry has moved +2.5%.
Going forward, investors interested in Aerospace stocks should continue to pay close attention to Leonardo DRS, Inc. and StandardAero, Inc. as they could maintain their solid performance.
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Leonardo DRS, Inc. (DRS): Free Stock Analysis Report StandardAero, Inc. (SARO): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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