The Aerospace group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Wesco Aircraft Holdings (WAIR - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Aerospace peers, we might be able to answer that question.
Wesco Aircraft Holdings is one of 37 individual stocks in the Aerospace sector. Collectively, these companies sit 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. WAIR is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for WAIR's full-year earnings has moved 3.28% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, WAIR has moved about 27.85% on a year-to-date basis. Meanwhile, stocks in the Aerospace group have gained about 17.52% on average. This shows that Wesco Aircraft Holdings is outperforming its peers so far this year.
Looking more specifically, WAIR belongs to the Aerospace - Defense industry, a group that includes 12 individual stocks and currently sits at #46 in the Zacks Industry Rank. On average, stocks in this group have gained 14.72% this year, meaning that WAIR is performing better in terms of year-to-date returns.
WAIR will likely be looking to continue its solid performance, so investors interested in Aerospace stocks should continue to pay close attention to the company.