Is Boeing (BA) Stock Outpacing Its Aerospace Peers This Year?
The Aerospace group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has The Boeing Company (BA) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
The Boeing Company is a member of the Aerospace sector. This group includes 42 individual stocks and currently holds a Zacks Sector Rank of #2. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. BA is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for BA's full-year earnings has moved 4.97% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, BA has returned 11.74% so far this year. Meanwhile, stocks in the Aerospace group have gained about 3.78% on average. This means that The Boeing Company is performing better than its sector in terms of year-to-date returns.
To break things down more, BA belongs to the Aerospace - Defense industry, a group that includes 13 individual companies and currently sits at #65 in the Zacks Industry Rank. On average, stocks in this group have gained 4.39% this year, meaning that BA is performing better in terms of year-to-date returns.
Investors with an interest in Aerospace stocks should continue to track BA. The stock will be looking to continue its solid performance.
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