Investors interested in Aerospace stocks should always be looking to find the best-performing companies in the group. Has Astronics Corporation (ATRO) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Astronics Corporation is a member of the Aerospace sector. This group includes 68 individual stocks and currently holds a Zacks Sector Rank of #2. 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 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. Astronics Corporation is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for ATRO's full-year earnings has moved 12.5% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that ATRO has returned about 41.2% since the start of the calendar year. At the same time, Aerospace stocks have gained an average of 40%. As we can see, Astronics Corporation is performing better than its sector in the calendar year.
Another Aerospace stock, which has outperformed the sector so far this year, is Intuitive Machines, Inc. (LUNR). The stock has returned 40.5% year-to-date.
The consensus estimate for Intuitive Machines, Inc.'s current year EPS has increased 1.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Astronics Corporation belongs to the Aerospace - Defense Equipment industry, a group that includes 37 individual stocks and currently sits at #53 in the Zacks Industry Rank. On average, stocks in this group have gained 48.7% this year, meaning that ATRO is slightly underperforming its industry in terms of year-to-date returns.
Intuitive Machines, Inc., however, belongs to the Aerospace - Defense industry. Currently, this 30-stock industry is ranked #85. The industry has moved +36.9% so far this year.
Astronics Corporation and Intuitive Machines, Inc. could continue their solid performance, so investors interested in Aerospace stocks should continue to pay close attention to these stocks.
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Astronics Corporation (ATRO): Free Stock Analysis Report Intuitive Machines, Inc. (LUNR): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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