The Aerospace group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. 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? One simple way to answer this question is to take a look at the year-to-date performance of BA and the rest of the Aerospace group's stocks.
The Boeing is a member of our Aerospace group, which includes 39 different companies and currently sits at #1 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 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 3.11% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, BA has returned 3.27% so far this year. Meanwhile, stocks in the Aerospace group have lost about 9.32% on average. This means that The Boeing is performing better than its sector in terms of year-to-date returns.
Looking more specifically, BA belongs to the Aerospace - Defense industry, a group that includes 13 individual stocks and currently sits at #93 in the Zacks Industry Rank. On average, this group has lost an average of 9.72% so far this year, meaning that BA is performing better in terms of year-to-date returns.
Going forward, investors interested in Aerospace stocks should continue to pay close attention to BA as it looks to continue its solid performance.