For those looking to find strong Aerospace stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Bae Systems PLC (BAESY) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Bae Systems PLC is a member of our Aerospace group, which includes 68 different companies and currently sits at #2 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 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. Bae Systems PLC is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for BAESY's full-year earnings has moved 0.9% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, BAESY has returned 14.6% so far this year. Meanwhile, the Aerospace sector has returned an average of 7.3% on a year-to-date basis. As we can see, Bae Systems PLC is performing better than its sector in the calendar year.
One other Aerospace stock that has outperformed the sector so far this year is Karman Holdings Inc. (KRMN). The stock is up 8.7% year-to-date.
In Karman Holdings Inc.'s case, the consensus EPS estimate for the current year increased 11.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Bae Systems PLC belongs to the Aerospace - Defense Equipment industry, which includes 37 individual stocks and currently sits at #57 in the Zacks Industry Rank. On average, this group has gained an average of 7% so far this year, meaning that BAESY is performing better in terms of year-to-date returns. Karman Holdings Inc. is also part of the same industry.
Bae Systems PLC and Karman Holdings 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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Bae Systems PLC (BAESY): Free Stock Analysis Report Karman Holdings Inc. (KRMN): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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