Investors focused on the Aerospace space have likely heard of Aerojet Rocketdyne Holdings , 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 AJRD and the rest of the Aerospace group's stocks.
Aerojet Rocketdyne Holdings is a member of our Aerospace group, which includes 41 different companies and currently sits at #2 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 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. AJRD is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for AJRD's full-year earnings has moved 30.93% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, AJRD has gained about 7.95% so far this year. In comparison, Aerospace companies have returned an average of 13.99%. As we can see, Aerojet Rocketdyne Holdings is performing better than its sector in the calendar year.
Breaking things down more, AJRD is a member of the Aerospace - Defense Equipment industry, which includes 25 individual companies and currently sits at #89 in the Zacks Industry Rank. Stocks in this group have gained about 15.31% so far this year, so AJRD is slightly underperforming its industry this group in terms of year-to-date returns.
Going forward, investors interested in Aerospace stocks should continue to pay close attention to AJRD as it looks to continue its solid performance.
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 >>
Investors focused on the Aerospace space have likely heard of Aerojet Rocketdyne Holdings , 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 AJRD and the rest of the Aerospace group's stocks.
Aerojet Rocketdyne Holdings is a member of our Aerospace group, which includes 41 different companies and currently sits at #2 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 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. AJRD is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for AJRD's full-year earnings has moved 30.93% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, AJRD has gained about 7.95% so far this year. In comparison, Aerospace companies have returned an average of 13.99%. As we can see, Aerojet Rocketdyne Holdings is performing better than its sector in the calendar year.
Breaking things down more, AJRD is a member of the Aerospace - Defense Equipment industry, which includes 25 individual companies and currently sits at #89 in the Zacks Industry Rank. Stocks in this group have gained about 15.31% so far this year, so AJRD is slightly underperforming its industry this group in terms of year-to-date returns.
Going forward, investors interested in Aerospace stocks should continue to pay close attention to AJRD as it looks to continue its solid performance.
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 >>