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Is Heico (HEI) Stock Outpacing Its Aerospace Peers This Year?
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Investors interested in Aerospace stocks should always be looking to find the best-performing companies in the group. Heico (HEI - 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? One simple way to answer this question is to take a look at the year-to-date performance of HEI and the rest of the Aerospace group's stocks.
Heico is a member of our Aerospace group, which includes 37 different companies and currently sits at #1 in the Zacks Sector Rank. 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 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. HEI is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for HEI's full-year earnings has moved 3.77% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, HEI has moved about 58.09% on a year-to-date basis. Meanwhile, the Aerospace sector has returned an average of 17.52% on a year-to-date basis. This means that Heico is performing better than its sector in terms of year-to-date returns.
Breaking things down more, HEI is a member of the Aerospace - Defense Equipment industry, which includes 21 individual companies and currently sits at #42 in the Zacks Industry Rank. On average, this group has gained an average of 24.09% so far this year, meaning that HEI is performing better in terms of year-to-date returns.
Investors in the Aerospace sector will want to keep a close eye on HEI as it attempts to continue its solid performance.
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Is Heico (HEI) Stock Outpacing Its Aerospace Peers This Year?
Investors interested in Aerospace stocks should always be looking to find the best-performing companies in the group. Heico (HEI - 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? One simple way to answer this question is to take a look at the year-to-date performance of HEI and the rest of the Aerospace group's stocks.
Heico is a member of our Aerospace group, which includes 37 different companies and currently sits at #1 in the Zacks Sector Rank. 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 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. HEI is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for HEI's full-year earnings has moved 3.77% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, HEI has moved about 58.09% on a year-to-date basis. Meanwhile, the Aerospace sector has returned an average of 17.52% on a year-to-date basis. This means that Heico is performing better than its sector in terms of year-to-date returns.
Breaking things down more, HEI is a member of the Aerospace - Defense Equipment industry, which includes 21 individual companies and currently sits at #42 in the Zacks Industry Rank. On average, this group has gained an average of 24.09% so far this year, meaning that HEI is performing better in terms of year-to-date returns.
Investors in the Aerospace sector will want to keep a close eye on HEI as it attempts to continue its solid performance.