The Aerospace group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is ATI (ATI) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
ATI is a member of the Aerospace sector. This group includes 68 individual stocks and currently holds a Zacks Sector Rank of #9. 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. ATI is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ATI's full-year earnings has moved 5.8% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, ATI has moved about 30.4% on a year-to-date basis. At the same time, Aerospace stocks have gained an average of 1.9%. This means that ATI 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 RTX (RTX). The stock is up 5.8% year-to-date.
For RTX, the consensus EPS estimate for the current year has increased 1.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, ATI belongs to the Aerospace - Defense Equipment industry, a group that includes 37 individual companies and currently sits at #95 in the Zacks Industry Rank. This group has gained an average of 3.9% so far this year, so ATI is performing better in this area.
RTX, however, belongs to the Aerospace - Defense industry. Currently, this 30-stock industry is ranked #152. The industry has moved +1.2% so far this year.
Investors with an interest in Aerospace stocks should continue to track ATI and RTX. These stocks will be looking to continue their solid performance.
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ATI Inc. (ATI): Free Stock Analysis Report
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This article originally published on Zacks Investment Research (zacks.com).