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Is GE Aerospace (GE) 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 GE Aerospace (GE - Free Report) one of those stocks right now? 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.
GE Aerospace is one of 67 companies in the Aerospace group. The Aerospace group currently sits at #1 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 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. GE Aerospace is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for GE's full-year earnings has moved 0.5% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, GE has moved about 20.6% on a year-to-date basis. In comparison, Aerospace companies have returned an average of 3.3%. This means that GE Aerospace is outperforming the sector as a whole this year.
One other Aerospace stock that has outperformed the sector so far this year is Woodward (WWD - Free Report) . The stock is up 44.4% year-to-date.
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, GE Aerospace belongs to the Aerospace - Defense industry, which includes 29 individual stocks and currently sits at #102 in the Zacks Industry Rank. This group has gained an average of 0.5% so far this year, so GE is performing better in this area.
In contrast, Woodward falls under the Aerospace - Defense Equipment industry. Currently, this industry has 37 stocks and is ranked #54. Since the beginning of the year, the industry has moved +11%.
Investors with an interest in Aerospace stocks should continue to track GE Aerospace and Woodward. These stocks will be looking to continue their solid performance.
View the Zacks #1 Rank List
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Is GE Aerospace (GE) 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 GE Aerospace (GE - Free Report) one of those stocks right now? 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.
GE Aerospace is one of 67 companies in the Aerospace group. The Aerospace group currently sits at #1 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 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. GE Aerospace is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for GE's full-year earnings has moved 0.5% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, GE has moved about 20.6% on a year-to-date basis. In comparison, Aerospace companies have returned an average of 3.3%. This means that GE Aerospace is outperforming the sector as a whole this year.
One other Aerospace stock that has outperformed the sector so far this year is Woodward (WWD - Free Report) . The stock is up 44.4% year-to-date.
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, GE Aerospace belongs to the Aerospace - Defense industry, which includes 29 individual stocks and currently sits at #102 in the Zacks Industry Rank. This group has gained an average of 0.5% so far this year, so GE is performing better in this area.
In contrast, Woodward falls under the Aerospace - Defense Equipment industry. Currently, this industry has 37 stocks and is ranked #54. Since the beginning of the year, the industry has moved +11%.
Investors with an interest in Aerospace stocks should continue to track GE Aerospace and Woodward. These stocks will be looking to continue their solid performance.