December 25, 2024
For those looking to find strong Aerospace stocks, it is prudent to search for companies in the group that are outperforming their peers. Intuitive Machines, Inc. (LUNR) 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.
Intuitive Machines, Inc. is a member of the Aerospace sector. This group includes 46 individual stocks and currently holds a Zacks Sector Rank of #5. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. Intuitive Machines, Inc. is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for LUNR's full-year earnings has moved 55.3% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, LUNR has moved about 551.7% on a year-to-date basis. In comparison, Aerospace companies have returned an average of 2.7%. This means that Intuitive Machines, Inc. is performing better than its sector in terms of year-to-date returns.
Moog (MOG.A) is another Aerospace stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 36.3%.
The consensus estimate for Moog's current year EPS has increased 2.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Intuitive Machines, Inc. belongs to the Aerospace - Defense industry, which includes 22 individual stocks and currently sits at #156 in the Zacks Industry Rank. On average, this group has lost an average of 7.9% so far this year, meaning that LUNR is performing better in terms of year-to-date returns.
On the other hand, Moog belongs to the Aerospace - Defense Equipment industry. This 23-stock industry is currently ranked #55. The industry has moved +36% year to date.
Investors interested in the Aerospace sector may want to keep a close eye on Intuitive Machines, Inc. and Moog as they attempt to continue their solid performance.
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