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Is The Boeing (BA) Stock Outpacing Its Aerospace Peers 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? 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 the Aerospace sector. This group includes 38 individual stocks and currently holds a Zacks Sector Rank of #1. 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. BA is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for BA's full-year earnings has moved 11.27% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, BA has moved about 14.87% on a year-to-date basis. Meanwhile, stocks in the Aerospace group have gained about 14.36% on average. As we can see, The Boeing is performing better than its sector in the calendar year.
Looking more specifically, BA belongs to the Aerospace - Defense industry, which includes 12 individual stocks and currently sits at #34 in the Zacks Industry Rank. On average, stocks in this group have gained 12.76% 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.
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Is The Boeing (BA) Stock Outpacing Its Aerospace Peers 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? 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 the Aerospace sector. This group includes 38 individual stocks and currently holds a Zacks Sector Rank of #1. 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. BA is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for BA's full-year earnings has moved 11.27% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, BA has moved about 14.87% on a year-to-date basis. Meanwhile, stocks in the Aerospace group have gained about 14.36% on average. As we can see, The Boeing is performing better than its sector in the calendar year.
Looking more specifically, BA belongs to the Aerospace - Defense industry, which includes 12 individual stocks and currently sits at #34 in the Zacks Industry Rank. On average, stocks in this group have gained 12.76% 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.