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Is Boeing (BA) Stock Outpacing Its Aerospace Peers This Year?

Zacks Equity Research
Updated
Is (TDS) Outperforming Other Utilities Stocks This Year?

For those looking to find strong Aerospace stocks, it is prudent to search for companies in the group that are outperforming their peers. Is The Boeing (BA) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Aerospace peers, we might be able to answer that question.

The Boeing is one of 42 companies in the Aerospace group. The Aerospace group currently sits at #4 within the Zacks Sector Rank. 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 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).

Over the past three months, the Zacks Consensus Estimate for BA's full-year earnings has moved 4.16% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

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Based on the latest available data, BA has gained about 16.69% so far this year. Meanwhile, stocks in the Aerospace group have gained about 7.80% on average. This means that The Boeing is performing better than its sector in terms of year-to-date returns.

Breaking things down more, BA is a member of the Aerospace - Defense industry, which includes 13 individual companies and currently sits at #160 in the Zacks Industry Rank. On average, this group has gained an average of 8.55% so far 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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Zacks Investment Research