For those looking to find strong Aerospace stocks, it is prudent to search for companies in the group that are outperforming their peers. Has L3 Technologies (LLL) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Aerospace sector should help us answer this question.
L3 Technologies is a member of the Aerospace sector. This group includes 39 individual stocks and currently holds a Zacks Sector Rank of #1. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. LLL is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for LLL's full-year earnings has moved 0.29% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, LLL has returned 5.99% so far this year. Meanwhile, stocks in the Aerospace group have gained about 10.19% on average. As we can see, L3 Technologies is performing better than its sector in the calendar year.
Breaking things down more, LLL is a member of the Electronics - Military industry, which includes 4 individual companies and currently sits at #11 in the Zacks Industry Rank. This group has gained an average of 6.83% so far this year, so LLL is slightly underperforming its industry in this area.
Going forward, investors interested in Aerospace stocks should continue to pay close attention to LLL as it looks to continue its solid performance.
L3 Technologies Inc. (LLL): Free Stock Analysis Report
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