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Has HMS Holdings (HMSY) Outpaced Other Medical Stocks This Year?

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Investors focused on the Medical space have likely heard of HMS Holdings , 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.

HMS Holdings is a member of the Medical sector. This group includes 757 individual stocks and currently holds a Zacks Sector Rank of #5. 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 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. HMSY is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for HMSY's full-year earnings has moved 17.65% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

According to our latest data, HMSY has moved about 86.73% on a year-to-date basis. Meanwhile, the Medical sector has returned an average of 6.99% on a year-to-date basis. As we can see, HMS Holdings is performing better than its sector in the calendar year.

Breaking things down more, HMSY is a member of the Medical Info Systems industry, which includes 21 individual companies and currently sits at #117 in the Zacks Industry Rank. On average, this group has gained an average of 10.42% so far this year, meaning that HMSY is performing better in terms of year-to-date returns.

Investors with an interest in Medical stocks should continue to track HMSY. The stock will be looking to continue its solid performance.