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Are Aerospace Stocks Lagging Leonardo DRS, Inc. (DRS) This Year?
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For those looking to find strong Aerospace stocks, it is prudent to search for companies in the group that are outperforming their peers. Leonardo DRS, Inc. (DRS - 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.
Leonardo DRS, Inc. is one of 81 individual stocks in the Aerospace sector. Collectively, these companies sit at #4 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. Leonardo DRS, Inc. is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for DRS' full-year earnings has moved 7.1% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, DRS has moved about 0.6% on a year-to-date basis. In comparison, Aerospace companies have returned an average of -13.7%. This means that Leonardo DRS, Inc. is outperforming the sector as a whole this year.
Another Aerospace stock, which has outperformed the sector so far this year, is Embraer (EMBJ - Free Report) . The stock has returned 7.5% year-to-date.
The consensus estimate for Embraer's current year EPS has increased 5.3% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Leonardo DRS, Inc. belongs to the Aerospace - Defense Equipment industry, a group that includes 38 individual stocks and currently sits at #72 in the Zacks Industry Rank. Stocks in this group have lost about 12.8% so far this year, so DRS is performing better this group in terms of year-to-date returns.
Embraer, however, belongs to the Aerospace - Defense industry. Currently, this 42-stock industry is ranked #95. The industry has moved -14.1% so far this year.
Investors interested in the Aerospace sector may want to keep a close eye on Leonardo DRS, Inc. and Embraer as they attempt to continue their solid performance.
View the Zacks #1 Rank List
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Are Aerospace Stocks Lagging Leonardo DRS, Inc. (DRS) This Year?
For those looking to find strong Aerospace stocks, it is prudent to search for companies in the group that are outperforming their peers. Leonardo DRS, Inc. (DRS - 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.
Leonardo DRS, Inc. is one of 81 individual stocks in the Aerospace sector. Collectively, these companies sit at #4 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. Leonardo DRS, Inc. is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for DRS' full-year earnings has moved 7.1% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, DRS has moved about 0.6% on a year-to-date basis. In comparison, Aerospace companies have returned an average of -13.7%. This means that Leonardo DRS, Inc. is outperforming the sector as a whole this year.
Another Aerospace stock, which has outperformed the sector so far this year, is Embraer (EMBJ - Free Report) . The stock has returned 7.5% year-to-date.
The consensus estimate for Embraer's current year EPS has increased 5.3% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Leonardo DRS, Inc. belongs to the Aerospace - Defense Equipment industry, a group that includes 38 individual stocks and currently sits at #72 in the Zacks Industry Rank. Stocks in this group have lost about 12.8% so far this year, so DRS is performing better this group in terms of year-to-date returns.
Embraer, however, belongs to the Aerospace - Defense industry. Currently, this 42-stock industry is ranked #95. The industry has moved -14.1% so far this year.
Investors interested in the Aerospace sector may want to keep a close eye on Leonardo DRS, Inc. and Embraer as they attempt to continue their solid performance.