The Aerospace group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is AAR (AIR) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Aerospace sector should help us answer this question.
AAR is one of 68 companies in the Aerospace group. The Aerospace group currently sits at #2 within 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. AAR is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for AIR's full-year earnings has moved 7.8% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that AIR has returned about 30.5% since the start of the calendar year. Meanwhile, the Aerospace sector has returned an average of 8.8% on a year-to-date basis. As we can see, AAR is performing better than its sector in the calendar year.
Another Aerospace stock, which has outperformed the sector so far this year, is BWX Technologies (BWXT). The stock has returned 19.2% year-to-date.
In BWX Technologies' case, the consensus EPS estimate for the current year increased 2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, AAR is a member of the Aerospace - Defense Equipment industry, which includes 37 individual companies and currently sits at #63 in the Zacks Industry Rank. This group has gained an average of 10.2% so far this year, so AIR is performing better in this area. BWX Technologies is also part of the same industry.
Going forward, investors interested in Aerospace stocks should continue to pay close attention to AAR and BWX Technologies as they could maintain their solid performance.
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AAR Corp. (AIR): Free Stock Analysis Report BWX Technologies, Inc. (BWXT): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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