![]() Visit Performance Disclosure for information about the performance numbers displayed above. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. The monthly returns are then compounded to arrive at the annual return. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. These returns cover a period from Januthrough July 31, 2023. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. and Morningstar, Inc.Ĭopyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606Īt the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Forbes Media, LLC Investor's Business Daily, Inc. Each of the company logos represented herein are trademarks of Microsoft Corporation Dow Jones & Company Nasdaq, Inc. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. ![]() It delivered an average earnings surprise of 4.08% in the past four quarters. The consensus mark for CW’s 2023 sales indicates a year-over-year increase of 8.1%. It delivered an average earnings surprise of 11.03% in the past four quarters. The consensus estimate for AVAV’s 2023 sales implies a year-over-year improvement of 23.2%. It delivered an average earnings surprise of 16.14% in the past four quarters. The Zacks Consensus Estimate for HXL’s 2023 sales indicates year-over-year growth of 14.2%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. ( CW Quick Quote CW - Free Report), each carrying a Zacks Rank #2 at present. ( AVAV Quick Quote AVAV - Free Report) and CurtissWright Corp. ( HXL Quick Quote HXL - Free Report), AeroVironment Inc. Image Source: Zacks Investment Research Other Stocks to ConsiderĪ few other top-ranked stocks in the same industry are Hexcel Corp. ![]() In the past year, AIR’s shares have rallied 40.4% compared with the industry’s 10% growth. AAR’s current ROE is 9.61%, better than the industry’s average of 7.22%, which indicates that the company is utilizing its funds more efficiently than its peers. ROE is a measure of a company’s financial performance and shows how it is utilizing its funds. This will allow AIR to increase its narrow body maintenance capacity to provide United Airlines with a minimum of 10 lines of support across its Miami, Florida and Rockford, IL, MRO facilities. To further strengthen its position in the market, AAR has agreed on expansion of its MRO relationship with United Airlines, through 2030. To this end, AAR, being the largest independent supplier of USM globally, should benefit immensely from the growing MRO market. With the improvements observed in commercial aerospace lately, the MRO market is once again booming. The aging aircraft fleet in recent times has been fueling growth in the Used Serviceable Material (USM) market, which, in turn has the potential to reduce costs for the MRO sector. This implies that the company has sufficient financial capability to pay its short-term debt obligations. This indicates that the company has less debt than its peers, which is a positive sign.ĪAR’s current ratio of 3.12 is better than the industry’s average of 1.52. ![]() The total debt-to-capital of AIR is 19.70%, better than 50.91% registered by the industry. The consensus estimate for the current year sales is pinned at $2.21 billion, indicating year-over-year growth of 11%.ĪAR has a trailing four-quarter average earnings surprise of 5.81%. The bottom-line estimate has moved up 1.8% in the past 60 days. The Zacks Consensus Estimate for AIR’s 2023 earnings per share is pegged at $3.46. Let’s focus on the factors that make this Zacks Rank #2 (Buy) stock a solid investment pick at the moment. With strong organic and inorganic growth incentives and a solid solvency position, it witnesses strong performance. ( AIR Quick Quote AIR - Free Report) provides various products and services to the aviation and defense industries worldwide.
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