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Is The Boeing (BA) 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. The Boeing (BA - 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? 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.
The Boeing is a member of our Aerospace group, which includes 42 different companies and currently sits at #4 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 proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. BA is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for BA's full-year earnings has moved 3.99% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, BA has gained about 20.96% so far this year. In comparison, Aerospace companies have returned an average of 9.86%. This means that The Boeing is outperforming the sector as a whole this year.
To break things down more, BA belongs to the Aerospace - Defense industry, a group that includes 13 individual companies and currently sits at #169 in the Zacks Industry Rank. This group has gained an average of 10.70% so far this year, so BA is performing better in this area.
BA will likely be looking to continue its solid performance, so investors interested Aerospace stocks should continue to pay close attention to the company.
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Is The Boeing (BA) Outperforming Other Aerospace Stocks This Year?
Investors interested in Aerospace stocks should always be looking to find the best-performing companies in the group. The Boeing (BA - 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? 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.
The Boeing is a member of our Aerospace group, which includes 42 different companies and currently sits at #4 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 proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. BA is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for BA's full-year earnings has moved 3.99% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, BA has gained about 20.96% so far this year. In comparison, Aerospace companies have returned an average of 9.86%. This means that The Boeing is outperforming the sector as a whole this year.
To break things down more, BA belongs to the Aerospace - Defense industry, a group that includes 13 individual companies and currently sits at #169 in the Zacks Industry Rank. This group has gained an average of 10.70% so far this year, so BA is performing better in this area.
BA will likely be looking to continue its solid performance, so investors interested Aerospace stocks should continue to pay close attention to the company.