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Is MEDIFAST INC (MED) Stock Outpacing Its Consumer Staples Peers This Year?
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The Consumer Staples group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has MEDIFAST INC (MED - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
MEDIFAST INC is a member of our Consumer Staples group, which includes 176 different companies and currently sits at #16 in the Zacks Sector Rank. 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 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. MED is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for MED's full-year earnings has moved 23.29% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, MED has returned 237.33% so far this year. At the same time, Consumer Staples stocks have lost an average of 8.89%. This means that MEDIFAST INC is performing better than its sector in terms of year-to-date returns.
To break things down more, MED belongs to the Food - Miscellaneous industry, a group that includes 42 individual companies and currently sits at #217 in the Zacks Industry Rank. On average, this group has lost an average of 5.85% so far this year, meaning that MED is performing better in terms of year-to-date returns.
Investors with an interest in Consumer Staples stocks should continue to track MED. The stock will be looking to continue its solid performance.
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Is MEDIFAST INC (MED) Stock Outpacing Its Consumer Staples Peers This Year?
The Consumer Staples group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has MEDIFAST INC (MED - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
MEDIFAST INC is a member of our Consumer Staples group, which includes 176 different companies and currently sits at #16 in the Zacks Sector Rank. 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 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. MED is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for MED's full-year earnings has moved 23.29% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, MED has returned 237.33% so far this year. At the same time, Consumer Staples stocks have lost an average of 8.89%. This means that MEDIFAST INC is performing better than its sector in terms of year-to-date returns.
To break things down more, MED belongs to the Food - Miscellaneous industry, a group that includes 42 individual companies and currently sits at #217 in the Zacks Industry Rank. On average, this group has lost an average of 5.85% so far this year, meaning that MED is performing better in terms of year-to-date returns.
Investors with an interest in Consumer Staples stocks should continue to track MED. The stock will be looking to continue its solid performance.