We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is Editas Medicine (EDIT) Stock Outpacing Its Medical Peers This Year?
Read MoreHide Full Article
Investors focused on the Medical space have likely heard of Editas Medicine (EDIT - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Medical peers, we might be able to answer that question.
Editas Medicine is a member of the Medical sector. This group includes 762 individual stocks and currently holds a Zacks Sector Rank of #9. 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. EDIT is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for EDIT's full-year earnings has moved 10.32% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, EDIT has moved about 20.37% on a year-to-date basis. In comparison, Medical companies have returned an average of 0.73%. This means that Editas Medicine is outperforming the sector as a whole this year.
To break things down more, EDIT belongs to the Medical - Biomedical and Genetics industry, a group that includes 281 individual companies and currently sits at #161 in the Zacks Industry Rank. Stocks in this group have lost about 3.32% so far this year, so EDIT is performing better this group in terms of year-to-date returns.
EDIT will likely be looking to continue its solid performance, so investors interested Medical stocks should continue to pay close attention to the company.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Editas Medicine (EDIT) Stock Outpacing Its Medical Peers This Year?
Investors focused on the Medical space have likely heard of Editas Medicine (EDIT - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Medical peers, we might be able to answer that question.
Editas Medicine is a member of the Medical sector. This group includes 762 individual stocks and currently holds a Zacks Sector Rank of #9. 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. EDIT is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for EDIT's full-year earnings has moved 10.32% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, EDIT has moved about 20.37% on a year-to-date basis. In comparison, Medical companies have returned an average of 0.73%. This means that Editas Medicine is outperforming the sector as a whole this year.
To break things down more, EDIT belongs to the Medical - Biomedical and Genetics industry, a group that includes 281 individual companies and currently sits at #161 in the Zacks Industry Rank. Stocks in this group have lost about 3.32% so far this year, so EDIT is performing better this group in terms of year-to-date returns.
EDIT will likely be looking to continue its solid performance, so investors interested Medical stocks should continue to pay close attention to the company.