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Is The Boeing (BA) Stock Outpacing Its Aerospace Peers This Year?
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Investors focused on the Aerospace space have likely heard of The Boeing (BA - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of BA and the rest of the Aerospace group's stocks.
The Boeing is one of 40 companies in the Aerospace group. The Aerospace group currently sits at #3 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 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. BA is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for BA's full-year earnings has moved 4.27% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, BA has gained about 5.59% so far this year. Meanwhile, the Aerospace sector has returned an average of 3.42% on a year-to-date basis. As we can see, The Boeing is performing better than its sector in the calendar year.
Looking more specifically, BA belongs to the Aerospace - Defense industry, which includes 13 individual stocks and currently sits at #92 in the Zacks Industry Rank. Stocks in this group have gained about 3.93% so far this year, so BA is performing better this group in terms of year-to-date returns.
BA will likely be looking to continue its solid performance, so investors interested in Aerospace stocks should continue to pay close attention to the company.
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Is The Boeing (BA) Stock Outpacing Its Aerospace Peers This Year?
Investors focused on the Aerospace space have likely heard of The Boeing (BA - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of BA and the rest of the Aerospace group's stocks.
The Boeing is one of 40 companies in the Aerospace group. The Aerospace group currently sits at #3 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 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. BA is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for BA's full-year earnings has moved 4.27% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, BA has gained about 5.59% so far this year. Meanwhile, the Aerospace sector has returned an average of 3.42% on a year-to-date basis. As we can see, The Boeing is performing better than its sector in the calendar year.
Looking more specifically, BA belongs to the Aerospace - Defense industry, which includes 13 individual stocks and currently sits at #92 in the Zacks Industry Rank. Stocks in this group have gained about 3.93% so far this year, so BA is performing better this group in terms of year-to-date returns.
BA will likely be looking to continue its solid performance, so investors interested in Aerospace stocks should continue to pay close attention to the company.