Investors focused on the Aerospace space have likely heard of Leidos Holdings (LDOS), but is the stock performing well in comparison to the rest of its sector peers? 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.
Leidos Holdings is a member of the Aerospace sector. This group includes 33 individual stocks and currently holds a Zacks Sector Rank of #2. 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. LDOS is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for LDOS's full-year earnings has moved 2.76% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, LDOS has returned 63.69% so far this year. In comparison, Aerospace companies have returned an average of 34.19%. As we can see, Leidos Holdings is performing better than its sector in the calendar year.
To break things down more, LDOS belongs to the Aerospace - Defense industry, a group that includes 11 individual companies and currently sits at #14 in the Zacks Industry Rank. This group has gained an average of 32.43% so far this year, so LDOS is performing better in this area.
Investors with an interest in Aerospace stocks should continue to track LDOS. The stock will be looking to continue its solid performance.
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