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Are Aerospace Stocks Lagging CurtissWright (CW) This Year?
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For those looking to find strong Aerospace stocks, it is prudent to search for companies in the group that are outperforming their peers. Curtiss-Wright (CW - Free Report) 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? 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.
Curtiss-Wright is one of 46 companies in the Aerospace group. The Aerospace group currently sits at #13 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Curtiss-Wright is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for CW's full-year earnings has moved 1.5% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, CW has gained about 12.1% so far this year. At the same time, Aerospace stocks have lost an average of 7.1%. As we can see, Curtiss-Wright is performing better than its sector in the calendar year.
Another stock in the Aerospace sector, MTU Aero Engines AG (MTUAY - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 4.9%.
Over the past three months, MTU Aero Engines AG's consensus EPS estimate for the current year has increased 1.2%. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Curtiss-Wright belongs to the Aerospace - Defense Equipment industry, a group that includes 22 individual companies and currently sits at #185 in the Zacks Industry Rank. On average, this group has gained an average of 8.1% so far this year, meaning that CW is performing better in terms of year-to-date returns.
MTU Aero Engines AG, however, belongs to the Aerospace - Defense industry. Currently, this 23-stock industry is ranked #93. The industry has moved -11.6% so far this year.
Going forward, investors interested in Aerospace stocks should continue to pay close attention to Curtiss-Wright and MTU Aero Engines AG as they could maintain their solid performance.
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Are Aerospace Stocks Lagging CurtissWright (CW) This Year?
For those looking to find strong Aerospace stocks, it is prudent to search for companies in the group that are outperforming their peers. Curtiss-Wright (CW - Free Report) 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? 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.
Curtiss-Wright is one of 46 companies in the Aerospace group. The Aerospace group currently sits at #13 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Curtiss-Wright is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for CW's full-year earnings has moved 1.5% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, CW has gained about 12.1% so far this year. At the same time, Aerospace stocks have lost an average of 7.1%. As we can see, Curtiss-Wright is performing better than its sector in the calendar year.
Another stock in the Aerospace sector, MTU Aero Engines AG (MTUAY - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 4.9%.
Over the past three months, MTU Aero Engines AG's consensus EPS estimate for the current year has increased 1.2%. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Curtiss-Wright belongs to the Aerospace - Defense Equipment industry, a group that includes 22 individual companies and currently sits at #185 in the Zacks Industry Rank. On average, this group has gained an average of 8.1% so far this year, meaning that CW is performing better in terms of year-to-date returns.
MTU Aero Engines AG, however, belongs to the Aerospace - Defense industry. Currently, this 23-stock industry is ranked #93. The industry has moved -11.6% so far this year.
Going forward, investors interested in Aerospace stocks should continue to pay close attention to Curtiss-Wright and MTU Aero Engines AG as they could maintain their solid performance.