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Is Heico (HEI) Stock Outpacing Its Aerospace Peers This Year?
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For those looking to find strong Aerospace stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Heico Corporation (HEI - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Heico Corporation is one of 58 companies in the Aerospace group. The Aerospace group currently sits at #2 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. Heico Corporation is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for HEI's full-year earnings has moved 3% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, HEI has returned 31.2% so far this year. In comparison, Aerospace companies have returned an average of 26.9%. As we can see, Heico Corporation is performing better than its sector in the calendar year.
Another stock in the Aerospace sector, Safran SA (SAFRY - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 51.8%.
The consensus estimate for Safran SA's current year EPS has increased 4.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Heico Corporation belongs to the Aerospace - Defense Equipment industry, a group that includes 33 individual companies and currently sits at #65 in the Zacks Industry Rank. On average, this group has gained an average of 24.5% so far this year, meaning that HEI is performing better in terms of year-to-date returns.
In contrast, Safran SA falls under the Aerospace - Defense industry. Currently, this industry has 24 stocks and is ranked #85. Since the beginning of the year, the industry has moved +27.8%.
Investors with an interest in Aerospace stocks should continue to track Heico Corporation and Safran SA. These stocks will be looking to continue their solid performance.
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Is Heico (HEI) Stock Outpacing Its Aerospace Peers This Year?
For those looking to find strong Aerospace stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Heico Corporation (HEI - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Heico Corporation is one of 58 companies in the Aerospace group. The Aerospace group currently sits at #2 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. Heico Corporation is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for HEI's full-year earnings has moved 3% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, HEI has returned 31.2% so far this year. In comparison, Aerospace companies have returned an average of 26.9%. As we can see, Heico Corporation is performing better than its sector in the calendar year.
Another stock in the Aerospace sector, Safran SA (SAFRY - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 51.8%.
The consensus estimate for Safran SA's current year EPS has increased 4.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Heico Corporation belongs to the Aerospace - Defense Equipment industry, a group that includes 33 individual companies and currently sits at #65 in the Zacks Industry Rank. On average, this group has gained an average of 24.5% so far this year, meaning that HEI is performing better in terms of year-to-date returns.
In contrast, Safran SA falls under the Aerospace - Defense industry. Currently, this industry has 24 stocks and is ranked #85. Since the beginning of the year, the industry has moved +27.8%.
Investors with an interest in Aerospace stocks should continue to track Heico Corporation and Safran SA. These stocks will be looking to continue their solid performance.