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? Let's take a closer look at the stock's year-to-date performance to find out.
Aerojet Rocketdyne Holdings is one of 39 individual stocks in the Aerospace sector. Collectively, these companies sit at #1 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 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. AJRD is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for AJRD's full-year earnings has moved 11.81% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that AJRD has returned about 16.22% since the start of the calendar year. In comparison, Aerospace companies have returned an average of 0.07%. This means that Aerojet Rocketdyne Holdings is outperforming the sector as a whole this year.
To break things down more, AJRD belongs to the Aerospace - Defense Equipment industry, a group that includes 23 individual companies and currently sits at #32 in the Zacks Industry Rank. On average, stocks in this group have gained 3.72% this year, meaning that AJRD is performing better in terms of year-to-date returns.
AJRD will likely be looking to continue its solid performance, so investors interested in 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.
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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? Let's take a closer look at the stock's year-to-date performance to find out.
Aerojet Rocketdyne Holdings is one of 39 individual stocks in the Aerospace sector. Collectively, these companies sit at #1 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 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. AJRD is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for AJRD's full-year earnings has moved 11.81% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that AJRD has returned about 16.22% since the start of the calendar year. In comparison, Aerospace companies have returned an average of 0.07%. This means that Aerojet Rocketdyne Holdings is outperforming the sector as a whole this year.
To break things down more, AJRD belongs to the Aerospace - Defense Equipment industry, a group that includes 23 individual companies and currently sits at #32 in the Zacks Industry Rank. On average, stocks in this group have gained 3.72% this year, meaning that AJRD is performing better in terms of year-to-date returns.
AJRD will likely be looking to continue its solid performance, so investors interested in 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 >>