Is Kratos Defense & Security Solutions (KTOS) Outperforming Other Aerospace Stocks This Year?

KTOS

The Aerospace group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Kratos Defense & Security Solutions (KTOS - 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 KTOS and the rest of the Aerospace group's stocks.

Kratos Defense & Security Solutions is one of 41 individual stocks in the Aerospace sector. Collectively, these companies sit at #8 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. KTOS is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for KTOS's full-year earnings has moved 36.11% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

According to our latest data, KTOS has moved about 7.27% on a year-to-date basis. Meanwhile, stocks in the Aerospace group have gained about 4.37% on average. This means that Kratos Defense & Security Solutions is outperforming the sector as a whole this year.

Looking more specifically, KTOS belongs to the Aerospace - Defense Equipment industry, a group that includes 25 individual stocks and currently sits at #188 in the Zacks Industry Rank. Stocks in this group have gained about 5.39% so far this year, so KTOS is performing better this group in terms of year-to-date returns.

KTOS will likely be looking to continue its solid performance, so investors interested Aerospace stocks should continue to pay close attention to the company.

Zacks Names "Single Best Pick to Double"

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.

This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.

Free: See Our Top Stock and 4 Runners Up >>