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? 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.
Curtiss-Wright is one of 67 companies in the Aerospace group. The Aerospace group currently sits at #2 within the Zacks Sector Rank. 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 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. Curtiss-Wright is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for CW's full-year earnings has moved 0.9% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that CW has returned about 38.4% since the start of the calendar year. Meanwhile, stocks in the Aerospace group have gained about 2.9% on average. This means that Curtiss-Wright is performing better than its sector in terms of year-to-date returns.
One other Aerospace stock that has outperformed the sector so far this year is Outdoor Holding Company (POWW). The stock is up 36.8% year-to-date.
For Outdoor Holding Company, the consensus EPS estimate for the current year has increased 80% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Curtiss-Wright belongs to the Aerospace - Defense Equipment industry, a group that includes 37 individual stocks and currently sits at #60 in the Zacks Industry Rank. This group has gained an average of 10.9% so far this year, so CW is performing better in this area. Outdoor Holding Company is also part of the same industry.
Investors with an interest in Aerospace stocks should continue to track Curtiss-Wright and Outdoor Holding Company. These stocks will be looking to continue their solid performance.
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Curtiss-Wright Corporation (CW): Free Stock Analysis Report
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This article originally published on Zacks Investment Research (zacks.com).