Is EmbraerEmpresa Brasileira de Aeronautica (ERJ) 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. Embraer (ERJ) 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? Let's take a closer look at the stock's year-to-date performance to find out.Embraer is a member of the Aerospace sector. This group includes 53 individual stocks and currently holds a Zacks Sector Rank of #3. 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 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. Embraer is currently sporting a Zacks Rank of #1 (Strong Buy).Over the past three months, the Zacks Consensus Estimate for ERJ's full-year earnings has moved 11.7% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.According to our latest data, ERJ has moved about 12.6% on a year-to-date basis. Meanwhile, the Aerospace sector has returned an average of 1% on a year-to-date basis. This shows that Embraer is outperforming its peers so far this year.One other Aerospace stock that has outperformed the sector so far this year is Heico Corporation (HEI). The stock is up 5.1% year-to-date.Over the past three months, Heico Corporation's consensus EPS estimate for the current year has increased 4.3%. The stock currently has a Zacks Rank #2 (Buy).To break things down more, Embraer belongs to the Aerospace - Defense industry, a group that includes 25 individual companies and currently sits at #163 in the Zacks Industry Rank. Stocks in this group have gained about 2.4% so far this year, so ERJ is performing better this group in terms of year-to-date returns.Heico Corporation, however, belongs to the Aerospace - Defense Equipment industry. Currently, this 27-stock industry is ranked #23. The industry has moved -3.2% so far this year.Embraer and Heico Corporation could continue their solid performance, so investors interested in Aerospace stocks should continue to pay close attention to these stocks.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Embraer-Empresa Brasileira de Aeronautica (ERJ): Free Stock Analysis Report Heico Corporation (HEI): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks