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Is Wesco Aircraft Holdings (WAIR) Outperforming Other Aerospace Stocks This Year?

Zacks Equity Research

Investors focused on the Aerospace space have likely heard of Wesco Aircraft Holdings (WAIR), but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

Wesco Aircraft Holdings is one of 33 individual stocks in the Aerospace sector. Collectively, these companies sit at #1 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. WAIR is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for WAIR's full-year earnings has moved 1.59% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the most recent data, WAIR has returned 38.73% so far this year. Meanwhile, stocks in the Aerospace group have gained about 30.26% on average. This shows that Wesco Aircraft Holdings is outperforming its peers so far this year.

Looking more specifically, WAIR belongs to the Aerospace - Defense industry, which includes 11 individual stocks and currently sits at #14 in the Zacks Industry Rank. Stocks in this group have gained about 28.20% so far this year, so WAIR is performing better this group in terms of year-to-date returns.

Investors with an interest in Aerospace stocks should continue to track WAIR. The stock will be looking to continue its solid performance.


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