Is Wesco Aircraft Holdings (WAIR) Outperforming Other Aerospace Stocks This Year?
Investors interested in Aerospace stocks should always be looking to find the best-performing companies in the group. Wesco Aircraft Holdings (WAIR) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of WAIR and the rest of the Aerospace group's stocks.
Wesco Aircraft Holdings is one of 37 individual stocks in the Aerospace sector. Collectively, these companies sit at #1 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the 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 3.28% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, WAIR has returned 28.48% so far this year. Meanwhile, stocks in the Aerospace group have gained about 24.26% on average. This means that Wesco Aircraft Holdings is performing better than its sector in terms of year-to-date returns.
Looking more specifically, WAIR belongs to the Aerospace - Defense industry, which includes 12 individual stocks and currently sits at #53 in the Zacks Industry Rank. Stocks in this group have gained about 21.82% so far this year, so WAIR is performing better this group in terms of year-to-date returns.
Investors in the Aerospace sector will want to keep a close eye on WAIR as it attempts to continue its solid performance.
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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.