For those looking to find strong Aerospace stocks, it is prudent to search for companies in the group that are outperforming their peers. Is FTAI Aviation (FTAI) one of those stocks right now? 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.
FTAI Aviation is one of 67 individual stocks in the Aerospace sector. Collectively, these companies sit at #7 in 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. FTAI Aviation is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for FTAI's full-year earnings has moved 6.8% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that FTAI has returned about 27.7% since the start of the calendar year. Meanwhile, stocks in the Aerospace group have gained about 4.8% on average. This means that FTAI Aviation is outperforming the sector as a whole this year.
One other Aerospace stock that has outperformed the sector so far this year is Howmet (HWM). The stock is up 23.2% year-to-date.
In Howmet's case, the consensus EPS estimate for the current year increased 3.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, FTAI Aviation belongs to the Aerospace - Defense Equipment industry, a group that includes 37 individual companies and currently sits at #152 in the Zacks Industry Rank. On average, stocks in this group have gained 4.2% this year, meaning that FTAI is performing better in terms of year-to-date returns.
On the other hand, Howmet belongs to the Aerospace - Defense industry. This 29-stock industry is currently ranked #82. The industry has moved +5% year to date.
Investors with an interest in Aerospace stocks should continue to track FTAI Aviation and Howmet. These stocks will be looking to continue their solid performance.
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FTAI Aviation Ltd. (FTAI): Free Stock Analysis Report
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This article originally published on Zacks Investment Research (zacks.com).