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Is The Boeing (BA) Outperforming Other Aerospace Stocks This Year?

Zacks Equity Research
Updated
RLI Corp. (RLI) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

For those looking to find strong Aerospace stocks, it is prudent to search for companies in the group that are outperforming their peers. Has The Boeing (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 is one of 41 companies in the Aerospace group. The Aerospace group currently sits at #4 within 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. BA is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for BA's full-year earnings has moved 4.41% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

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Based on the most recent data, BA has returned 15.67% so far this year. In comparison, Aerospace companies have returned an average of 5.39%. As we can see, The Boeing is performing better than its sector in the calendar year.

Breaking things down more, BA is a member of the Aerospace - Defense industry, which includes 13 individual companies and currently sits at #63 in the Zacks Industry Rank. On average, stocks in this group have gained 5.84% 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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