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Has ATI INC (ATI) Outpaced 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 ATI (ATI - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Aerospace peers, we might be able to answer that question.
ATI 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 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. ATI is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for ATI's full-year earnings has moved 14.3% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, ATI has gained about 64.9% so far this year. At the same time, Aerospace stocks have lost an average of 14.8%. This means that ATI is performing better than its sector in terms of year-to-date returns.
Another stock in the Aerospace sector, Lockheed Martin (LMT - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 3.2%.
In Lockheed Martin's case, the consensus EPS estimate for the current year increased 1.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, ATI belongs to the Aerospace - Defense Equipment industry, a group that includes 38 individual stocks and currently sits at #24 in the Zacks Industry Rank. Stocks in this group have lost about 10.4% so far this year, so ATI is performing better this group in terms of year-to-date returns.
Lockheed Martin, however, belongs to the Aerospace - Defense industry. Currently, this 42-stock industry is ranked #98. The industry has moved -16.5% so far this year.
Going forward, investors interested in Aerospace stocks should continue to pay close attention to ATI and Lockheed Martin as they could maintain their solid performance.
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Has ATI INC (ATI) Outpaced Other Aerospace Stocks This Year?
Investors interested in Aerospace stocks should always be looking to find the best-performing companies in the group. Is ATI (ATI - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Aerospace peers, we might be able to answer that question.
ATI 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 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. ATI is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for ATI's full-year earnings has moved 14.3% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, ATI has gained about 64.9% so far this year. At the same time, Aerospace stocks have lost an average of 14.8%. This means that ATI is performing better than its sector in terms of year-to-date returns.
Another stock in the Aerospace sector, Lockheed Martin (LMT - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 3.2%.
In Lockheed Martin's case, the consensus EPS estimate for the current year increased 1.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, ATI belongs to the Aerospace - Defense Equipment industry, a group that includes 38 individual stocks and currently sits at #24 in the Zacks Industry Rank. Stocks in this group have lost about 10.4% so far this year, so ATI is performing better this group in terms of year-to-date returns.
Lockheed Martin, however, belongs to the Aerospace - Defense industry. Currently, this 42-stock industry is ranked #98. The industry has moved -16.5% so far this year.
Going forward, investors interested in Aerospace stocks should continue to pay close attention to ATI and Lockheed Martin as they could maintain their solid performance.