The Aerospace group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Astronics Corporation (ATRO) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Astronics Corporation is one of 67 companies in the Aerospace group. The Aerospace group currently sits at #6 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Astronics Corporation is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ATRO's full-year earnings has moved 2.5% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, ATRO has moved about 23.5% on a year-to-date basis. Meanwhile, the Aerospace sector has returned an average of -4.2% on a year-to-date basis. As we can see, Astronics Corporation is performing better than its sector in the calendar year.
Another stock in the Aerospace sector, BWX Technologies (BWXT), has outperformed the sector so far this year. The stock's year-to-date return is 20.4%.
Over the past three months, BWX Technologies' consensus EPS estimate for the current year has increased 8%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Astronics Corporation belongs to the Aerospace - Defense Equipment industry, a group that includes 37 individual stocks and currently sits at #155 in the Zacks Industry Rank. This group has lost an average of 1.2% so far this year, so ATRO is performing better in this area. BWX Technologies is also part of the same industry.
Astronics Corporation and BWX Technologies could continue their solid performance, so investors interested in Aerospace stocks should continue to pay close attention to these stocks.
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Astronics Corporation (ATRO): Free Stock Analysis Report
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This article originally published on Zacks Investment Research (zacks.com).