Back to top

Image: Bigstock

Is CurtissWright (CW) Outperforming Other Aerospace Stocks This Year?

Read MoreHide Full Article

Investors interested in Aerospace stocks should always be looking to find the best-performing companies in the group. Has Curtiss-Wright (CW - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Aerospace sector should help us answer this question.

Curtiss-Wright is a member of the Aerospace sector. This group includes 67 individual stocks and currently holds a Zacks Sector Rank of #5. 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. Curtiss-Wright is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for CW's full-year earnings has moved 3.1% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Based on the latest available data, CW has gained about 30.6% so far this year. At the same time, Aerospace stocks have gained an average of 4.4%. This shows that Curtiss-Wright is outperforming its peers so far this year.

Intuitive Machines, Inc. (LUNR - Free Report) is another Aerospace stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 68.1%.

The consensus estimate for Intuitive Machines, Inc.'s current year EPS has increased 62.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

Looking more specifically, Curtiss-Wright belongs to the Aerospace - Defense Equipment industry, which includes 37 individual stocks and currently sits at #144 in the Zacks Industry Rank. This group has gained an average of 6.3% so far this year, so CW is performing better in this area.

On the other hand, Intuitive Machines, Inc. belongs to the Aerospace - Defense industry. This 29-stock industry is currently ranked #65. The industry has moved +3.7% year to date.

Curtiss-Wright and Intuitive Machines, Inc. could continue their solid performance, so investors interested in Aerospace stocks should continue to pay close attention to these stocks.

Zacks' 7 Best Strong Buy Stocks (New Research Report)

Valued at $99, click below to receive our just-released report predicting the 7 stocks that will soar highest in the coming month.

Click Here, It's Really Free

Published in