Has Bombardier Inc. (BDRBF) Outpaced Other Aerospace Stocks This Year?

The Aerospace group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Bombardier Inc. (BDRBF) 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? 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.

Bombardier Inc. is one of 76 companies in the Aerospace group. The Aerospace group currently sits at #3 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

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. Bombardier Inc. is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for BDRBF's full-year earnings has moved 23% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Our latest available data shows that BDRBF has returned about 30.7% since the start of the calendar year. At the same time, Aerospace stocks have lost an average of 8.8%. This shows that Bombardier Inc. is outperforming its peers so far this year.

Another Aerospace stock, which has outperformed the sector so far this year, is Leonardo DRS, Inc. (DRS). The stock has returned 9% year-to-date.

For Leonardo DRS, Inc., the consensus EPS estimate for the current year has increased 5.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

Looking more specifically, Bombardier Inc. belongs to the Aerospace - Defense Equipment industry, a group that includes 36 individual stocks and currently sits at #47 in the Zacks Industry Rank. On average, stocks in this group have lost 5.7% this year, meaning that BDRBF is performing better in terms of year-to-date returns. Leonardo DRS, Inc. is also part of the same industry.

Bombardier Inc. and Leonardo DRS, Inc. could continue their solid performance, so investors interested in Aerospace stocks should continue to pay close attention to these stocks.

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

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