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Is MEDIFAST INC (MED) Stock Outpacing Its Consumer Staples Peers This Year?
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Investors focused on the Consumer Staples space have likely heard of MEDIFAST INC (MED - 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 Consumer Staples peers, we might be able to answer that question.
MEDIFAST INC is one of 176 individual stocks in the Consumer Staples sector. Collectively, these companies sit at #16 in the Zacks Sector Rank. 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 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. MED is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for MED's full-year earnings has moved 23.29% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, MED has gained about 207.55% so far this year. Meanwhile, the Consumer Staples sector has returned an average of -7.24% on a year-to-date basis. This means that MEDIFAST INC is outperforming the sector as a whole this year.
Breaking things down more, MED is a member of the Food - Miscellaneous industry, which includes 42 individual companies and currently sits at #231 in the Zacks Industry Rank. This group has lost an average of 5.52% so far this year, so MED is performing better in this area.
Going forward, investors interested in Consumer Staples stocks should continue to pay close attention to MED as it looks to continue its solid performance.
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Is MEDIFAST INC (MED) Stock Outpacing Its Consumer Staples Peers This Year?
Investors focused on the Consumer Staples space have likely heard of MEDIFAST INC (MED - 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 Consumer Staples peers, we might be able to answer that question.
MEDIFAST INC is one of 176 individual stocks in the Consumer Staples sector. Collectively, these companies sit at #16 in the Zacks Sector Rank. 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 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. MED is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for MED's full-year earnings has moved 23.29% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, MED has gained about 207.55% so far this year. Meanwhile, the Consumer Staples sector has returned an average of -7.24% on a year-to-date basis. This means that MEDIFAST INC is outperforming the sector as a whole this year.
Breaking things down more, MED is a member of the Food - Miscellaneous industry, which includes 42 individual companies and currently sits at #231 in the Zacks Industry Rank. This group has lost an average of 5.52% so far this year, so MED is performing better in this area.
Going forward, investors interested in Consumer Staples stocks should continue to pay close attention to MED as it looks to continue its solid performance.