Estimates for Wesco Aircraft Holdings, Inc. (WAIR - Free Report) have been revised upward in the past 90 days, which reflects analysts’ optimism in the stock. The Zacks Consensus Estimate for fiscal 2018 and 2019 earnings have moved up 2.6% and 2.2% to 79 cents and 94 cents, respectively.
Wesco Aircraft Holdings distributes aerospace products and provides supply chain management services to the aerospace industry in the North America and internationally.
The company’s shares have returned 9.5% in the past six months compared with the industry’s rise of 5.0%.
Let’s focus on the factors that make Wesco Aircraft Holdings an appropriate investment option.
Zacks Rank & Surprise Trend
Wesco Aircraft Holdings carries a Zacks Rank #2 (Buy).The company pulled off an average positive earnings surprise of 1.10 % in the last four quarters.
Year-Over-Year Estimates & Long-Term Growth
Wesco Aircraft Holdings’ year-over-year earnings growth for fiscal 2018 and 2019 is estimated at 33.90% and 18.99%, respectively. The company’s expected earnings per share growth for the next 3-5 years pegged at 12%.
Wesco Aircraft Holdings has an impressive VGM Score of B. Here V stands for Value, G for Growth and M for Momentum with the score being a weighted combination of all three factors. Back tested results show that stocks with a favorable VGM Score of A or B coupled with a bullish Zacks Rank are the best investment options.
Wesco 2020 Initiative
The company announced a Wesco 2020 initiative, which was designed to broaden and institutionalize improvements that were made to the business during fiscal 2018. Also, the initiative will improve the company’s service, inventory management, productivity and profitability. Wesco 2020 is expected to deliver annualized pre-tax benefits of at least $30 million, which is expected to start in the first quarter of fiscal 2019.
Other Stocks to Consider
A few other top-ranked stocks in the same sector are Huntington Ingalls Industries, Inc (HII - Free Report) , AeroVironment, Inc (AVAV - Free Report) and FLIR Systems, Inc (FLIR - Free Report) . While Huntington Ingalls and AeroVironment sport a Zacks Rank #1 (Strong Buy), FLIR Systems carried a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Huntington Ingalls Industries came up with an average positive earnings surprise of 9.48% in the past four quarters. The Zacks Consensus Estimate for 2018 earnings climbed 1.5% in the past 60 days.
AeroVironment delivered an average positive earnings surprise of 365.27% in the past four quarters. The Zacks Consensus Estimate for fiscal 2019 earnings moved up 22.5% in past 60 days.
FLIR Systems Holdings pulled off an average positive earnings surprise of 8.94% in the past four quarters. The Zacks Consensus Estimate for 2018 earnings has inched up 0.9% in the past 60 days.
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