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.
Is Axon Enterprise (AXON) Stock Outpacing Its Aerospace Peers This Year?
Read MoreHide Full Article
The Aerospace group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Axon Enterprise (AXON - 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.
Axon Enterprise is a member of the Aerospace sector. This group includes 77 individual stocks and currently holds a Zacks Sector Rank of #2. 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 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. Axon Enterprise is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for AXON's full-year earnings has moved 15.3% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, AXON has moved about 9.6% on a year-to-date basis. At the same time, Aerospace stocks have gained an average of 7.3%. This means that Axon Enterprise is outperforming the sector as a whole this year.
Another Aerospace stock, which has outperformed the sector so far this year, is General Dynamics (GD - Free Report) . The stock has returned 12% year-to-date.
The consensus estimate for General Dynamics' current year EPS has increased 1.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Axon Enterprise belongs to the Aerospace - Defense Equipment industry, which includes 37 individual stocks and currently sits at #51 in the Zacks Industry Rank. This group has gained an average of 16.8% so far this year, so AXON is slightly underperforming its industry in this area.
On the other hand, General Dynamics belongs to the Aerospace - Defense industry. This 39-stock industry is currently ranked #110. The industry has moved +3.4% year to date.
Axon Enterprise and General Dynamics could continue their solid performance, so investors interested in Aerospace stocks should continue to pay close attention to these stocks.
View the Zacks #1 Rank List
Image: Bigstock
Is Axon Enterprise (AXON) Stock Outpacing Its Aerospace Peers This Year?
The Aerospace group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Axon Enterprise (AXON - 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.
Axon Enterprise is a member of the Aerospace sector. This group includes 77 individual stocks and currently holds a Zacks Sector Rank of #2. 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 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. Axon Enterprise is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for AXON's full-year earnings has moved 15.3% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, AXON has moved about 9.6% on a year-to-date basis. At the same time, Aerospace stocks have gained an average of 7.3%. This means that Axon Enterprise is outperforming the sector as a whole this year.
Another Aerospace stock, which has outperformed the sector so far this year, is General Dynamics (GD - Free Report) . The stock has returned 12% year-to-date.
The consensus estimate for General Dynamics' current year EPS has increased 1.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Axon Enterprise belongs to the Aerospace - Defense Equipment industry, which includes 37 individual stocks and currently sits at #51 in the Zacks Industry Rank. This group has gained an average of 16.8% so far this year, so AXON is slightly underperforming its industry in this area.
On the other hand, General Dynamics belongs to the Aerospace - Defense industry. This 39-stock industry is currently ranked #110. The industry has moved +3.4% year to date.
Axon Enterprise and General Dynamics could continue their solid performance, so investors interested in Aerospace stocks should continue to pay close attention to these stocks.