Back to top

Wesco Aircraft Holdings (WAIR) Outpaces Stock Market Gains: What You Should Know

Read MoreHide Full Article

Wesco Aircraft Holdings (WAIR - Free Report) closed at $10.61 in the latest trading session, marking a +1.48% move from the prior day. This change outpaced the S&P 500's 1.05% gain on the day. At the same time, the Dow added 1.02%, and the tech-heavy Nasdaq gained 1.66%.

Coming into today, shares of the aircraft parts distributor had gained 2.45% in the past month. In that same time, the Aerospace sector gained 0.84%, while the S&P 500 lost 2.76%.

WAIR will be looking to display strength as it nears its next earnings release. In that report, analysts expect WAIR to post earnings of $0.22 per share. This would mark year-over-year growth of 10%. Our most recent consensus estimate is calling for quarterly revenue of $436.87 million, up 6.46% from the year-ago period.

WAIR's full-year Zacks Consensus Estimates are calling for earnings of $0.84 per share and revenue of $1.70 billion. These results would represent year-over-year changes of +12% and +8.49%, respectively.

Investors should also note any recent changes to analyst estimates for WAIR. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. WAIR is currently sporting a Zacks Rank of #2 (Buy).

Digging into valuation, WAIR currently has a Forward P/E ratio of 12.44. This valuation marks a discount compared to its industry's average Forward P/E of 16.21.

We can also see that WAIR currently has a PEG ratio of 1.04. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Aerospace - Defense industry currently had an average PEG ratio of 1.81 as of yesterday's close.

The Aerospace - Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 97, which puts it in the top 38% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow WAIR in the coming trading sessions, be sure to utilize

In-Depth Zacks Research for the Tickers Above

Normally $25 each - click below to receive one report FREE:

Wesco Aircraft Holdings, Inc. (WAIR) - free report >>

Published in