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Has The Boeing (BA) Outpaced Other Aerospace Stocks 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 (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 a member of our Aerospace group, which includes 39 different companies and currently sits at #9 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 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 #1 (Strong Buy).

Within the past quarter, the Zacks Consensus Estimate for BA’s full-year earnings has moved 11.46% higher. This shows that analyst sentiment has improved and the company’s earnings outlook is stronger.

Based on the latest available data, BA has gained about 27.35% so far this year. Meanwhile, stocks in the Aerospace group have gained about 20.29% on average. As we can see, The Boeing is performing better than its sector in the calendar year.

Looking more specifically, BA belongs to the Aerospace – Defense industry, a group that includes 12 individual stocks and currently sits at #171 in the Zacks Industry Rank. This group has gained an average of 20.85% so far this year, so BA is performing better in this area.

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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