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Is Molina Healthcare (MOH) Stock Outpacing Its Medical Peers This Year?

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Investors interested in Medical stocks should always be looking to find the best-performing companies in the group. Is Molina Healthcare (MOH - Free Report) one of those stocks right now? 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.

Molina Healthcare is one of 756 companies in the Medical group. The Medical group currently sits at #7 within 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. MOH is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for MOH's full-year earnings has moved 44.54% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Based on the most recent data, MOH has returned 94.01% so far this year. At the same time, Medical stocks have gained an average of 7.65%. This shows that Molina Healthcare is outperforming its peers so far this year.

Looking more specifically, MOH belongs to the Medical - HMOs industry, which includes 13 individual stocks and currently sits at #36 in the Zacks Industry Rank. On average, stocks in this group have gained 22.21% this year, meaning that MOH is performing better in terms of year-to-date returns.

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


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