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Is Ducommun (DCO) Outperforming Other Aerospace Stocks This Year?
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The Aerospace group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Ducommun (DCO - Free Report) 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.
Ducommun is a member of the Aerospace sector. This group includes 58 individual stocks and currently holds a Zacks Sector Rank of #5. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. Ducommun is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for DCO's full-year earnings has moved 12% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, DCO has moved about 35.9% on a year-to-date basis. At the same time, Aerospace stocks have gained an average of 26.3%. This means that Ducommun is outperforming the sector as a whole this year.
One other Aerospace stock that has outperformed the sector so far this year is Airbus Group (EADSY - Free Report) . The stock is up 33.4% year-to-date.
In Airbus Group's case, the consensus EPS estimate for the current year increased 5.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Ducommun belongs to the Aerospace - Defense Equipment industry, which includes 33 individual stocks and currently sits at #73 in the Zacks Industry Rank. Stocks in this group have gained about 26.1% so far this year, so DCO is performing better this group in terms of year-to-date returns.
On the other hand, Airbus Group belongs to the Aerospace - Defense industry. This 24-stock industry is currently ranked #87. The industry has moved +26.4% year to date.
Going forward, investors interested in Aerospace stocks should continue to pay close attention to Ducommun and Airbus Group as they could maintain their solid performance.
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Is Ducommun (DCO) Outperforming 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. Is Ducommun (DCO - Free Report) 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.
Ducommun is a member of the Aerospace sector. This group includes 58 individual stocks and currently holds a Zacks Sector Rank of #5. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. Ducommun is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for DCO's full-year earnings has moved 12% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, DCO has moved about 35.9% on a year-to-date basis. At the same time, Aerospace stocks have gained an average of 26.3%. This means that Ducommun is outperforming the sector as a whole this year.
One other Aerospace stock that has outperformed the sector so far this year is Airbus Group (EADSY - Free Report) . The stock is up 33.4% year-to-date.
In Airbus Group's case, the consensus EPS estimate for the current year increased 5.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Ducommun belongs to the Aerospace - Defense Equipment industry, which includes 33 individual stocks and currently sits at #73 in the Zacks Industry Rank. Stocks in this group have gained about 26.1% so far this year, so DCO is performing better this group in terms of year-to-date returns.
On the other hand, Airbus Group belongs to the Aerospace - Defense industry. This 24-stock industry is currently ranked #87. The industry has moved +26.4% year to date.
Going forward, investors interested in Aerospace stocks should continue to pay close attention to Ducommun and Airbus Group as they could maintain their solid performance.