Investors focused on the Aerospace space have likely heard of L3 Technologies (LLL), 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.
L3 Technologies is a member of the Aerospace sector. This group includes 41 individual stocks and currently holds a Zacks Sector Rank of #1. 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. LLL is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for LLL's full-year earnings has moved 3.63% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, LLL has gained about 7.10% so far this year. At the same time, Aerospace stocks have gained an average of 10.17%. This means that L3 Technologies is performing better than its sector in terms of year-to-date returns.
Looking more specifically, LLL belongs to the Electronics - Military industry, which includes 3 individual stocks and currently sits at #39 in the Zacks Industry Rank. Stocks in this group have gained about 15.81% so far this year, so LLL is slightly underperforming its industry this group in terms of year-to-date returns.
Investors with an interest in Aerospace stocks should continue to track LLL. The stock will be looking to continue its solid performance.
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L3 Technologies Inc. (LLL): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
