Are Aerospace Stocks Lagging GE Aerospace (GE) This Year?

The Aerospace group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. GE Aerospace (GE) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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.

GE Aerospace is a member of our Aerospace group, which includes 77 different companies and currently sits at #2 in 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. GE Aerospace is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for GE's full-year earnings has moved 0.6% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

According to our latest data, GE has moved about 16.6% on a year-to-date basis. At the same time, Aerospace stocks have gained an average of 2.4%. This means that GE Aerospace is performing better than its sector in terms of year-to-date returns.

Another stock in the Aerospace sector, Curtiss-Wright (CW), has outperformed the sector so far this year. The stock's year-to-date return is 36.9%.

For Curtiss-Wright, the consensus EPS estimate for the current year has increased 1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

Looking more specifically, GE Aerospace belongs to the Aerospace - Defense industry, a group that includes 39 individual stocks and currently sits at #100 in the Zacks Industry Rank. On average, stocks in this group have lost 0.6% this year, meaning that GE is performing better in terms of year-to-date returns.

Curtiss-Wright, however, belongs to the Aerospace - Defense Equipment industry. Currently, this 37-stock industry is ranked #58. The industry has moved +9.6% so far this year.

Investors interested in the Aerospace sector may want to keep a close eye on GE Aerospace and Curtiss-Wright as they attempt to continue their solid performance.

Zacks' Research Chief Names "Stock Most Likely to Double"

Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.

This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.

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

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research