Here is how AAR (AIR) and Curtiss-Wright (CW) have performed compared to their sector so far this year.
The Aerospace group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is AAR (AIR) 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.
AAR is a member of our Aerospace group, which includes 67 different companies and currently sits at #3 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. AAR is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for AIR's full-year earnings has moved 2.5% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, AIR has gained about 31% so far this year. Meanwhile, the Aerospace sector has returned an average of -0% on a year-to-date basis. This shows that AAR is outperforming its peers so far this year.
One other Aerospace stock that has outperformed the sector so far this year is Curtiss-Wright $CW (CW). The stock is up 32.7% year-to-date.
In Curtiss-Wright's case, the consensus EPS estimate for the current year increased 0.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, AAR belongs to the Aerospace - Defense Equipment industry, a group that includes 37 individual stocks and currently sits at #58 in the Zacks Industry Rank. Stocks in this group have gained about 9.6% so far this year, so AIR is performing better this group in terms of year-to-date returns. Curtiss-Wright is also part of the same industry.
Investors with an interest in Aerospace stocks should continue to track AAR and Curtiss-Wright. These stocks will be looking to continue their solid performance.
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