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Is EmbraerEmpresa Brasileira de Aeronautica (EMBJ) Outperforming Other Aerospace Stocks This Year?
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Investors interested in Aerospace stocks should always be looking to find the best-performing companies in the group. Is Embraer (EMBJ - 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.
Embraer 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 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. Embraer is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for EMBJ's full-year earnings has moved 5.4% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, EMBJ has moved about 18.9% on a year-to-date basis. Meanwhile, the Aerospace sector has returned an average of -10.7% on a year-to-date basis. As we can see, Embraer is performing better than its sector in the calendar year.
One other Aerospace stock that has outperformed the sector so far this year is Elbit Systems (ESLT - Free Report) . The stock is up 21.9% year-to-date.
In Elbit Systems' case, the consensus EPS estimate for the current year increased 2.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Embraer is a member of the Aerospace - Defense industry, which includes 39 individual companies and currently sits at #179 in the Zacks Industry Rank. Stocks in this group have lost about 11.6% so far this year, so EMBJ is performing better this group in terms of year-to-date returns.
Elbit Systems, however, belongs to the Aerospace - Defense Equipment industry. Currently, this 36-stock industry is ranked #41. The industry has moved -8.5% so far this year.
Embraer and Elbit Systems 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 EmbraerEmpresa Brasileira de Aeronautica (EMBJ) Outperforming Other Aerospace Stocks This Year?
Investors interested in Aerospace stocks should always be looking to find the best-performing companies in the group. Is Embraer (EMBJ - 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.
Embraer 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 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. Embraer is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for EMBJ's full-year earnings has moved 5.4% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, EMBJ has moved about 18.9% on a year-to-date basis. Meanwhile, the Aerospace sector has returned an average of -10.7% on a year-to-date basis. As we can see, Embraer is performing better than its sector in the calendar year.
One other Aerospace stock that has outperformed the sector so far this year is Elbit Systems (ESLT - Free Report) . The stock is up 21.9% year-to-date.
In Elbit Systems' case, the consensus EPS estimate for the current year increased 2.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Embraer is a member of the Aerospace - Defense industry, which includes 39 individual companies and currently sits at #179 in the Zacks Industry Rank. Stocks in this group have lost about 11.6% so far this year, so EMBJ is performing better this group in terms of year-to-date returns.
Elbit Systems, however, belongs to the Aerospace - Defense Equipment industry. Currently, this 36-stock industry is ranked #41. The industry has moved -8.5% so far this year.
Embraer and Elbit Systems could continue their solid performance, so investors interested in Aerospace stocks should continue to pay close attention to these stocks.