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Has Leonardo DRS, Inc. (DRS) Outpaced Other Aerospace Stocks This Year?
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Investors interested in Aerospace stocks should always be looking to find the best-performing companies in the group. Has Leonardo DRS, Inc. (DRS - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Leonardo DRS, Inc. is a member of the Aerospace sector. This group includes 54 individual stocks and currently holds a Zacks Sector Rank of #1. 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 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. Leonardo DRS, Inc. is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for DRS' full-year earnings has moved 0.7% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, DRS has gained about 38.2% so far this year. Meanwhile, the Aerospace sector has returned an average of 19.2% on a year-to-date basis. As we can see, Leonardo DRS, Inc. is performing better than its sector in the calendar year.
Elbit Systems (ESLT - Free Report) is another Aerospace stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 66.5%.
For Elbit Systems, the consensus EPS estimate for the current year has increased 22.6% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Leonardo DRS, Inc. belongs to the Aerospace - Defense Equipment industry, a group that includes 27 individual companies and currently sits at #30 in the Zacks Industry Rank. On average, this group has gained an average of 18.6% so far this year, meaning that DRS is performing better in terms of year-to-date returns. Elbit Systems is also part of the same industry.
Leonardo DRS, Inc. and Elbit Systems could continue their solid performance, so investors interested in Aerospace stocks should continue to pay close attention to these stocks.
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Has Leonardo DRS, Inc. (DRS) Outpaced Other Aerospace Stocks This Year?
Investors interested in Aerospace stocks should always be looking to find the best-performing companies in the group. Has Leonardo DRS, Inc. (DRS - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Leonardo DRS, Inc. is a member of the Aerospace sector. This group includes 54 individual stocks and currently holds a Zacks Sector Rank of #1. 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 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. Leonardo DRS, Inc. is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for DRS' full-year earnings has moved 0.7% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, DRS has gained about 38.2% so far this year. Meanwhile, the Aerospace sector has returned an average of 19.2% on a year-to-date basis. As we can see, Leonardo DRS, Inc. is performing better than its sector in the calendar year.
Elbit Systems (ESLT - Free Report) is another Aerospace stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 66.5%.
For Elbit Systems, the consensus EPS estimate for the current year has increased 22.6% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Leonardo DRS, Inc. belongs to the Aerospace - Defense Equipment industry, a group that includes 27 individual companies and currently sits at #30 in the Zacks Industry Rank. On average, this group has gained an average of 18.6% so far this year, meaning that DRS is performing better in terms of year-to-date returns. Elbit Systems is also part of the same industry.
Leonardo DRS, Inc. and Elbit Systems could continue their solid performance, so investors interested in Aerospace stocks should continue to pay close attention to these stocks.