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Are Aerospace Stocks Lagging RollsRoyce (RYCEY) This Year?
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Investors interested in Aerospace stocks should always be looking to find the best-performing companies in the group. Rolls-Royce Holdings PLC (RYCEY - 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? Let's take a closer look at the stock's year-to-date performance to find out.
Rolls-Royce Holdings PLC is one of 67 individual stocks in the Aerospace sector. Collectively, these companies sit at #1 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Rolls-Royce Holdings PLC is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for RYCEY's full-year earnings has moved 2% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that RYCEY has returned about 6.7% since the start of the calendar year. Meanwhile, the Aerospace sector has returned an average of 1.1% on a year-to-date basis. This means that Rolls-Royce Holdings PLC is outperforming the sector as a whole this year.
Another stock in the Aerospace sector, Woodward (WWD - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 18.3%.
For Woodward, the consensus EPS estimate for the current year has increased 9.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Rolls-Royce Holdings PLC belongs to the Aerospace - Defense Equipment industry, a group that includes 37 individual stocks and currently sits at #48 in the Zacks Industry Rank. Stocks in this group have gained about 10.8% so far this year, so RYCEY is slightly underperforming its industry this group in terms of year-to-date returns. Woodward is also part of the same industry.
Going forward, investors interested in Aerospace stocks should continue to pay close attention to Rolls-Royce Holdings PLC and Woodward as they could maintain their solid performance.
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Are Aerospace Stocks Lagging RollsRoyce (RYCEY) This Year?
Investors interested in Aerospace stocks should always be looking to find the best-performing companies in the group. Rolls-Royce Holdings PLC (RYCEY - 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? Let's take a closer look at the stock's year-to-date performance to find out.
Rolls-Royce Holdings PLC is one of 67 individual stocks in the Aerospace sector. Collectively, these companies sit at #1 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Rolls-Royce Holdings PLC is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for RYCEY's full-year earnings has moved 2% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that RYCEY has returned about 6.7% since the start of the calendar year. Meanwhile, the Aerospace sector has returned an average of 1.1% on a year-to-date basis. This means that Rolls-Royce Holdings PLC is outperforming the sector as a whole this year.
Another stock in the Aerospace sector, Woodward (WWD - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 18.3%.
For Woodward, the consensus EPS estimate for the current year has increased 9.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Rolls-Royce Holdings PLC belongs to the Aerospace - Defense Equipment industry, a group that includes 37 individual stocks and currently sits at #48 in the Zacks Industry Rank. Stocks in this group have gained about 10.8% so far this year, so RYCEY is slightly underperforming its industry this group in terms of year-to-date returns. Woodward is also part of the same industry.
Going forward, investors interested in Aerospace stocks should continue to pay close attention to Rolls-Royce Holdings PLC and Woodward as they could maintain their solid performance.