Investors interested in Aerospace stocks should always be looking to find the best-performing companies in the group. Has ATI (ATI) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Aerospace peers, we might be able to answer that question.
ATI is a member of the Aerospace sector. This group includes 68 individual stocks and currently holds a Zacks Sector Rank of #1. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. ATI is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ATI's full-year earnings has moved 6.8% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that ATI has returned about 30.8% since the start of the calendar year. Meanwhile, stocks in the Aerospace group have gained about 12% on average. This means that ATI is performing better than its sector in terms of year-to-date returns.
Another Aerospace stock, which has outperformed the sector so far this year, is AAR (AIR). The stock has returned 31.1% year-to-date.
For AAR, the consensus EPS estimate for the current year has increased 7.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, ATI belongs to the Aerospace - Defense Equipment industry, a group that includes 37 individual companies and currently sits at #65 in the Zacks Industry Rank. On average, this group has gained an average of 11.8% so far this year, meaning that ATI is performing better in terms of year-to-date returns. AAR is also part of the same industry.
Investors with an interest in Aerospace stocks should continue to track ATI and AAR. These stocks will be looking to continue their solid performance.
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ATI Inc. (ATI): Free Stock Analysis Report AAR Corp. (AIR): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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