Are Aerospace Stocks Lagging Heico (HEI) This Year?

Investors interested in Aerospace stocks should always be looking to find the best-performing companies in the group. Is Heico Corporation (HEI) one of those stocks right now? 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.Heico Corporation is a member of our Aerospace group, which includes 64 different companies and currently sits at #7 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Heico Corporation is currently sporting a Zacks Rank of #2 (Buy).The Zacks Consensus Estimate for HEI's full-year earnings has moved 4% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.Based on the most recent data, HEI has returned 30.3% so far this year. At the same time, Aerospace stocks have gained an average of 22.6%. As we can see, Heico Corporation is performing better than its sector in the calendar year.One other Aerospace stock that has outperformed the sector so far this year is Elbit Systems (ESLT). The stock is up 76.3% year-to-date.The consensus estimate for Elbit Systems' current year EPS has increased 0.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).To break things down more, Heico Corporation belongs to the Aerospace - Defense Equipment industry, a group that includes 38 individual companies and currently sits at #150 in the Zacks Industry Rank. This group has gained an average of 20.6% so far this year, so HEI is performing better in this area. Elbit Systems is also part of the same industry.Investors interested in the Aerospace sector may want to keep a close eye on Heico Corporation and Elbit Systems as they attempt to continue their solid performance.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.Free: See Our Top Stock And 4 Runners UpWant 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 Heico Corporation (HEI): Free Stock Analysis Report Elbit Systems Ltd. (ESLT): 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