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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. Is Heico Corporation (HEI - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Heico Corporation is a member of the Aerospace sector. This group includes 67 individual stocks and currently holds a Zacks Sector Rank of #2. 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 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. Heico Corporation is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for HEI's full-year earnings has moved 4% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, HEI has moved about 3.3% on a year-to-date basis. In comparison, Aerospace companies have returned an average of 3%. This means that Heico Corporation is performing better than its sector in terms of year-to-date returns.
Rolls-Royce Holdings PLC (RYCEY - 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 17.9%.
In Rolls-Royce Holdings PLC's case, the consensus EPS estimate for the current year increased 3.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Heico Corporation belongs to the Aerospace - Defense Equipment industry, a group that includes 37 individual stocks and currently sits at #56 in the Zacks Industry Rank. Stocks in this group have gained about 11.8% so far this year, so HEI is slightly underperforming its industry this group in terms of year-to-date returns. Rolls-Royce Holdings PLC is also part of the same industry.
Investors with an interest in Aerospace stocks should continue to track Heico Corporation and Rolls-Royce Holdings PLC. 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. Is Heico Corporation (HEI - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Heico Corporation is a member of the Aerospace sector. This group includes 67 individual stocks and currently holds a Zacks Sector Rank of #2. 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 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. Heico Corporation is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for HEI's full-year earnings has moved 4% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, HEI has moved about 3.3% on a year-to-date basis. In comparison, Aerospace companies have returned an average of 3%. This means that Heico Corporation is performing better than its sector in terms of year-to-date returns.
Rolls-Royce Holdings PLC (RYCEY - 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 17.9%.
In Rolls-Royce Holdings PLC's case, the consensus EPS estimate for the current year increased 3.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Heico Corporation belongs to the Aerospace - Defense Equipment industry, a group that includes 37 individual stocks and currently sits at #56 in the Zacks Industry Rank. Stocks in this group have gained about 11.8% so far this year, so HEI is slightly underperforming its industry this group in terms of year-to-date returns. Rolls-Royce Holdings PLC is also part of the same industry.
Investors with an interest in Aerospace stocks should continue to track Heico Corporation and Rolls-Royce Holdings PLC. These stocks will be looking to continue their solid performance.