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Are Aerospace Stocks Lagging CurtissWright (CW) 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 Curtiss-Wright (CW - Free Report) been one of those stocks this year? 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.
Curtiss-Wright is one of 63 individual stocks in the Aerospace sector. Collectively, these companies sit at #5 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. Curtiss-Wright is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for CW's full-year earnings has moved 1.4% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, CW has returned 52.9% so far this year. Meanwhile, stocks in the Aerospace group have gained about 28.2% on average. This shows that Curtiss-Wright is outperforming its peers so far this 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 61.8%.
Over the past three months, Safran SA's consensus EPS estimate for the current year has increased 4.2%. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Curtiss-Wright belongs to the Aerospace - Defense Equipment industry, a group that includes 37 individual companies and currently sits at #98 in the Zacks Industry Rank. Stocks in this group have gained about 23.8% so far this year, so CW is performing better this group in terms of year-to-date returns.
In contrast, Safran SA falls under the Aerospace - Defense industry. Currently, this industry has 25 stocks and is ranked #95. Since the beginning of the year, the industry has moved +29.9%.
Investors interested in the Aerospace sector may want to keep a close eye on Curtiss-Wright and Safran SA as they attempt to continue their solid performance.
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Are Aerospace Stocks Lagging CurtissWright (CW) 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 Curtiss-Wright (CW - Free Report) been one of those stocks this year? 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.
Curtiss-Wright is one of 63 individual stocks in the Aerospace sector. Collectively, these companies sit at #5 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. Curtiss-Wright is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for CW's full-year earnings has moved 1.4% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, CW has returned 52.9% so far this year. Meanwhile, stocks in the Aerospace group have gained about 28.2% on average. This shows that Curtiss-Wright is outperforming its peers so far this 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 61.8%.
Over the past three months, Safran SA's consensus EPS estimate for the current year has increased 4.2%. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Curtiss-Wright belongs to the Aerospace - Defense Equipment industry, a group that includes 37 individual companies and currently sits at #98 in the Zacks Industry Rank. Stocks in this group have gained about 23.8% so far this year, so CW is performing better this group in terms of year-to-date returns.
In contrast, Safran SA falls under the Aerospace - Defense industry. Currently, this industry has 25 stocks and is ranked #95. Since the beginning of the year, the industry has moved +29.9%.
Investors interested in the Aerospace sector may want to keep a close eye on Curtiss-Wright and Safran SA as they attempt to continue their solid performance.