Investors interested in Aerospace stocks should always be looking to find the best-performing companies in the group. Has Curtiss-Wright (CW) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Aerospace sector should help us answer this question.
Curtiss-Wright is a member of the Aerospace sector. This group includes 67 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 is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Curtiss-Wright is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for CW's full-year earnings has moved 3.1% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, CW has gained about 30.6% so far this year. At the same time, Aerospace stocks have gained an average of 4.4%. This shows that Curtiss-Wright is outperforming its peers so far this year.
Intuitive Machines, Inc. (LUNR) is another Aerospace stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 68.1%.
The consensus estimate for Intuitive Machines, Inc.'s current year EPS has increased 62.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Curtiss-Wright belongs to the Aerospace - Defense Equipment industry, which includes 37 individual stocks and currently sits at #144 in the Zacks Industry Rank. This group has gained an average of 6.3% so far this year, so CW is performing better in this area.
On the other hand, Intuitive Machines, Inc. belongs to the Aerospace - Defense industry. This 29-stock industry is currently ranked #65. The industry has moved +3.7% year to date.
Curtiss-Wright and Intuitive Machines, Inc. could continue their solid performance, so investors interested in Aerospace stocks should continue to pay close attention to these stocks.
#1 Semiconductor Stock to Buy (Not NVDA)
The incredible demand for data is fueling the market's next digital gold rush. As data centers continue to be built and constantly upgraded, the companies that provide the hardware for these behemoths will become the NVIDIAs of tomorrow.
One under-the-radar chipmaker is uniquely positioned to take advantage of the next growth stage of this market. It specializes in semiconductor products that titans like NVIDIA don't build. It's just beginning to enter the spotlight, which is exactly where you want to be.
See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Curtiss-Wright Corporation (CW): Free Stock Analysis Report
Intuitive Machines, Inc. (LUNR): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).