Investors interested in Aerospace stocks should always be looking to find the best-performing companies in the group. Is AAR (AIR) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
AAR is a member of the Aerospace sector. This group includes 68 individual stocks and currently holds a Zacks Sector Rank of #5. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. AAR is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for AIR's full-year earnings has moved 6.8% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that AIR has returned about 43.2% since the start of the calendar year. Meanwhile, the Aerospace sector has returned an average of 3.4% on a year-to-date basis. This shows that AAR is outperforming its peers so far this year.
Another stock in the Aerospace sector, Astronics Corporation (ATRO), has outperformed the sector so far this year. The stock's year-to-date return is 26.1%.
In Astronics Corporation's case, the consensus EPS estimate for the current year increased 6.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, AAR belongs to the Aerospace - Defense Equipment industry, a group that includes 37 individual stocks and currently sits at #82 in the Zacks Industry Rank. Stocks in this group have gained about 5.6% so far this year, so AIR is performing better this group in terms of year-to-date returns. Astronics Corporation is also part of the same industry.
Going forward, investors interested in Aerospace stocks should continue to pay close attention to AAR and Astronics Corporation as they could maintain their solid performance.
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This article originally published on Zacks Investment Research (zacks.com).