We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Are Aerospace Stocks Lagging ATI INC (ATI) This Year?
Read MoreHide Full Article
Investors interested in Aerospace stocks should always be looking to find the best-performing companies in the group. ATI (ATI - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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.
ATI is one of 67 companies in the Aerospace group. The Aerospace group currently sits at #3 within the Zacks Sector Rank. 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 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. ATI is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ATI's full-year earnings has moved 6.3% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, ATI has moved about 41.4% on a year-to-date basis. In comparison, Aerospace companies have returned an average of 0.1%. As we can see, ATI is performing better than its sector in the calendar year.
Another Aerospace stock, which has outperformed the sector so far this year, is Virgin Galactic (SPCE - Free Report) . The stock has returned 0.9% year-to-date.
In Virgin Galactic's case, the consensus EPS estimate for the current year increased 38.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, ATI belongs to the Aerospace - Defense Equipment industry, a group that includes 37 individual companies and currently sits at #74 in the Zacks Industry Rank. Stocks in this group have gained about 9.6% so far this year, so ATI is performing better this group in terms of year-to-date returns.
Virgin Galactic, however, belongs to the Aerospace - Defense industry. Currently, this 29-stock industry is ranked #135. The industry has moved -3.4% so far this year.
Going forward, investors interested in Aerospace stocks should continue to pay close attention to ATI and Virgin Galactic as they could maintain their solid performance.
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.
View the Zacks #1 Rank List
Image: Bigstock
Are Aerospace Stocks Lagging ATI INC (ATI) This Year?
Investors interested in Aerospace stocks should always be looking to find the best-performing companies in the group. ATI (ATI - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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.
ATI is one of 67 companies in the Aerospace group. The Aerospace group currently sits at #3 within the Zacks Sector Rank. 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 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. ATI is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ATI's full-year earnings has moved 6.3% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, ATI has moved about 41.4% on a year-to-date basis. In comparison, Aerospace companies have returned an average of 0.1%. As we can see, ATI is performing better than its sector in the calendar year.
Another Aerospace stock, which has outperformed the sector so far this year, is Virgin Galactic (SPCE - Free Report) . The stock has returned 0.9% year-to-date.
In Virgin Galactic's case, the consensus EPS estimate for the current year increased 38.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, ATI belongs to the Aerospace - Defense Equipment industry, a group that includes 37 individual companies and currently sits at #74 in the Zacks Industry Rank. Stocks in this group have gained about 9.6% so far this year, so ATI is performing better this group in terms of year-to-date returns.
Virgin Galactic, however, belongs to the Aerospace - Defense industry. Currently, this 29-stock industry is ranked #135. The industry has moved -3.4% so far this year.
Going forward, investors interested in Aerospace stocks should continue to pay close attention to ATI and Virgin Galactic as they could maintain their solid performance.