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Is The Boeing (BA) Stock Outpacing Its Aerospace Peers This Year?
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The Aerospace group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has The Boeing (BA - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
The Boeing is a member of our Aerospace group, which includes 39 different companies and currently sits at #2 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. BA is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for BA's full-year earnings has moved 11.27% 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 31.03% so far this year. Meanwhile, the Aerospace sector has returned an average of 20.71% on a year-to-date basis. This means that The Boeing is performing better than its sector in terms of year-to-date returns.
Breaking things down more, BA is a member of the Aerospace - Defense industry, which includes 12 individual companies and currently sits at #154 in the Zacks Industry Rank. On average, stocks in this group have gained 21.72% this year, meaning that BA is performing better in terms of year-to-date returns.
BA will likely be looking to continue its solid performance, so investors interested in Aerospace stocks should continue to pay close attention to the company.
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Is The Boeing (BA) Stock Outpacing Its Aerospace Peers This Year?
The Aerospace group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has The Boeing (BA - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
The Boeing is a member of our Aerospace group, which includes 39 different companies and currently sits at #2 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. BA is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for BA's full-year earnings has moved 11.27% 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 31.03% so far this year. Meanwhile, the Aerospace sector has returned an average of 20.71% on a year-to-date basis. This means that The Boeing is performing better than its sector in terms of year-to-date returns.
Breaking things down more, BA is a member of the Aerospace - Defense industry, which includes 12 individual companies and currently sits at #154 in the Zacks Industry Rank. On average, stocks in this group have gained 21.72% this year, meaning that BA is performing better in terms of year-to-date returns.
BA will likely be looking to continue its solid performance, so investors interested in Aerospace stocks should continue to pay close attention to the company.