Investors focused on the Aerospace space have likely heard of Northrop Grumman (NOC - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Aerospace peers, we might be able to answer that question.
Northrop Grumman is a member of the Aerospace sector. This group includes 34 individual stocks and currently holds a Zacks Sector Rank of #3. 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. NOC is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for NOC's full-year earnings has moved 3.86% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that NOC has returned about 39.54% since the start of the calendar year. Meanwhile, the Aerospace sector has returned an average of 32.79% on a year-to-date basis. As we can see, Northrop Grumman is performing better than its sector in the calendar year.
Looking more specifically, NOC belongs to the Aerospace - Defense industry, which includes 12 individual stocks and currently sits at #49 in the Zacks Industry Rank. Stocks in this group have gained about 28.91% so far this year, so NOC is performing better this group in terms of year-to-date returns.
Going forward, investors interested in Aerospace stocks should continue to pay close attention to NOC 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.
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Investors focused on the Aerospace space have likely heard of Northrop Grumman (NOC - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Aerospace peers, we might be able to answer that question.
Northrop Grumman is a member of the Aerospace sector. This group includes 34 individual stocks and currently holds a Zacks Sector Rank of #3. 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. NOC is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for NOC's full-year earnings has moved 3.86% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that NOC has returned about 39.54% since the start of the calendar year. Meanwhile, the Aerospace sector has returned an average of 32.79% on a year-to-date basis. As we can see, Northrop Grumman is performing better than its sector in the calendar year.
Looking more specifically, NOC belongs to the Aerospace - Defense industry, which includes 12 individual stocks and currently sits at #49 in the Zacks Industry Rank. Stocks in this group have gained about 28.91% so far this year, so NOC is performing better this group in terms of year-to-date returns.
Going forward, investors interested in Aerospace stocks should continue to pay close attention to NOC 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 >>
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