Is Leonardo DRS, Inc. (DRS) Outperforming Other Aerospace Stocks This Year?

Investors interested in Aerospace stocks should always be looking to find the best-performing companies in the group. Is Leonardo DRS, Inc. (DRS) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.Leonardo DRS, Inc. is one of 51 individual stocks in the Aerospace sector. Collectively, these companies sit at #6 in the Zacks Sector Rank. 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Leonardo DRS, Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).The Zacks Consensus Estimate for DRS' full-year earnings has moved 5.9% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.According to our latest data, DRS has moved about 15.8% on a year-to-date basis. Meanwhile, the Aerospace sector has returned an average of 7% on a year-to-date basis. As we can see, Leonardo DRS, Inc. is performing better than its sector in the calendar year.One other Aerospace stock that has outperformed the sector so far this year is Embraer (ERJ). The stock is up 13.1% year-to-date.Over the past three months, Embraer's consensus EPS estimate for the current year has increased 0.1%. The stock currently has a Zacks Rank #2 (Buy).Breaking things down more, Leonardo DRS, Inc. is a member of the Aerospace - Defense Equipment industry, which includes 26 individual companies and currently sits at #59 in the Zacks Industry Rank. This group has gained an average of 40.6% so far this year, so DRS is slightly underperforming its industry in this area.On the other hand, Embraer belongs to the Aerospace - Defense industry. This 24-stock industry is currently ranked #155. The industry has moved -3.7% year to date.Leonardo DRS, Inc. and Embraer could continue their solid performance, so investors interested in Aerospace stocks should continue to pay close attention to these stocks.Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>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 Leonardo DRS, Inc. (DRS): Free Stock Analysis Report Embraer-Empresa Brasileira de Aeronautica (ERJ): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks