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Is GE Aerospace (GE) 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 GE Aerospace (GE - 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.
GE Aerospace is a member of our Aerospace group, which includes 81 different companies and currently sits at #2 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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).
Within the past quarter, the Zacks Consensus Estimate for GE's full-year earnings has moved 5.8% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, GE has returned 1.4% so far this year. At the same time, Aerospace stocks have lost an average of 11.7%. 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 Rolls-Royce Holdings PLC (RYCEY - Free Report) . The stock is up 23.2% year-to-date.
In Rolls-Royce Holdings PLC's case, the consensus EPS estimate for the current year increased 14.7% 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, a group that includes 42 individual stocks and currently sits at #167 in the Zacks Industry Rank. Stocks in this group have lost about 12.8% so far this year, so GE is performing better this group in terms of year-to-date returns.
On the other hand, Rolls-Royce Holdings PLC belongs to the Aerospace - Defense Equipment industry. This 38-stock industry is currently ranked #40. The industry has moved -9.2% year to date.
Going forward, investors interested in Aerospace stocks should continue to pay close attention to GE Aerospace and Rolls-Royce Holdings PLC as they could maintain their solid performance.
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Is GE Aerospace (GE) 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 GE Aerospace (GE - 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.
GE Aerospace is a member of our Aerospace group, which includes 81 different companies and currently sits at #2 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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).
Within the past quarter, the Zacks Consensus Estimate for GE's full-year earnings has moved 5.8% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, GE has returned 1.4% so far this year. At the same time, Aerospace stocks have lost an average of 11.7%. 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 Rolls-Royce Holdings PLC (RYCEY - Free Report) . The stock is up 23.2% year-to-date.
In Rolls-Royce Holdings PLC's case, the consensus EPS estimate for the current year increased 14.7% 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, a group that includes 42 individual stocks and currently sits at #167 in the Zacks Industry Rank. Stocks in this group have lost about 12.8% so far this year, so GE is performing better this group in terms of year-to-date returns.
On the other hand, Rolls-Royce Holdings PLC belongs to the Aerospace - Defense Equipment industry. This 38-stock industry is currently ranked #40. The industry has moved -9.2% year to date.
Going forward, investors interested in Aerospace stocks should continue to pay close attention to GE Aerospace and Rolls-Royce Holdings PLC as they could maintain their solid performance.