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Is General Dynamics (GD) Outperforming Other Aerospace Stocks This Year?
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The Aerospace group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is General Dynamics (GD - 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.
General Dynamics is a member of our Aerospace group, which includes 76 different companies and currently sits at #2 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 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. General Dynamics is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for GD's full-year earnings has moved 2.1% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, GD has gained about 16.5% so far this year. At the same time, Aerospace stocks have gained an average of 7.6%. This means that General Dynamics is performing better than its sector in terms of year-to-date returns.
One other Aerospace stock that has outperformed the sector so far this year is RTX (RTX - Free Report) . The stock is up 21.6% year-to-date.
The consensus estimate for RTX's current year EPS has increased 4.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, General Dynamics belongs to the Aerospace - Defense industry, a group that includes 39 individual stocks and currently sits at #70 in the Zacks Industry Rank. This group has gained an average of 6.8% so far this year, so GD is performing better in this area. RTX is also part of the same industry.
General Dynamics and RTX could continue their solid performance, so investors interested in Aerospace stocks should continue to pay close attention to these stocks.
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Is General Dynamics (GD) Outperforming Other Aerospace Stocks This Year?
The Aerospace group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is General Dynamics (GD - 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.
General Dynamics is a member of our Aerospace group, which includes 76 different companies and currently sits at #2 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 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. General Dynamics is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for GD's full-year earnings has moved 2.1% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, GD has gained about 16.5% so far this year. At the same time, Aerospace stocks have gained an average of 7.6%. This means that General Dynamics is performing better than its sector in terms of year-to-date returns.
One other Aerospace stock that has outperformed the sector so far this year is RTX (RTX - Free Report) . The stock is up 21.6% year-to-date.
The consensus estimate for RTX's current year EPS has increased 4.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, General Dynamics belongs to the Aerospace - Defense industry, a group that includes 39 individual stocks and currently sits at #70 in the Zacks Industry Rank. This group has gained an average of 6.8% so far this year, so GD is performing better in this area. RTX is also part of the same industry.
General Dynamics and RTX could continue their solid performance, so investors interested in Aerospace stocks should continue to pay close attention to these stocks.