The Aerospace group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is EHang Holdings Limited Unsponsored ADR (EH – Free Report) one of those stocks right now? Let’s take a closer look at the stock’s year-to-date performance to find out.
EHang Holdings Limited Unsponsored ADR is a member of our Aerospace group, which includes 51 different companies and currently sits at #1 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 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. EHang Holdings Limited Unsponsored ADR is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for EH’s full-year earnings has moved 27.3% higher within the past quarter. This means that analyst sentiment is stronger and the stock’s earnings outlook is improving.
Based on the most recent data, EH has returned 60.4% so far this year. Meanwhile, stocks in the Aerospace group have gained about 2.5% on average. This means that EHang Holdings Limited Unsponsored ADR is performing better than its sector in terms of year-to-date returns.
Woodward (WWD – Free Report) is another Aerospace stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 9.6%.
For Woodward, the consensus EPS estimate for the current year has increased 2.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, EHang Holdings Limited Unsponsored ADR belongs to the Aerospace – Defense Equipment industry, a group that includes 26 individual companies and currently sits at #29 in the Zacks Industry Rank. On average, stocks in this group have gained 3.3% this year, meaning that EH is performing better in terms of year-to-date returns. Woodward is also part of the same industry.
EHang Holdings Limited Unsponsored ADR and Woodward could continue their solid performance, so investors interested in Aerospace stocks should continue to pay close attention to these stocks.
Financial Market Newsflash
No financial news published today. Check back later.
