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Is Amedisys (AMED) Outperforming Other Medical Stocks This Year?
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Investors focused on the Medical space have likely heard of Amedisys (AMED - 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.
Amedisys is one of 845 individual stocks in the Medical sector. Collectively, these companies sit at #2 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. AMED is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for AMED's full-year earnings has moved 5.59% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, AMED has moved about 122.16% on a year-to-date basis. Meanwhile, stocks in the Medical group have gained about 1.45% on average. As we can see, Amedisys is performing better than its sector in the calendar year.
Looking more specifically, AMED belongs to the Medical - Outpatient and Home Healthcare industry, which includes 17 individual stocks and currently sits at #75 in the Zacks Industry Rank. On average, stocks in this group have lost 1.37% this year, meaning that AMED is performing better in terms of year-to-date returns.
Going forward, investors interested in Medical stocks should continue to pay close attention to AMED as it looks to continue its solid performance.
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Is Amedisys (AMED) Outperforming Other Medical Stocks This Year?
Investors focused on the Medical space have likely heard of Amedisys (AMED - 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.
Amedisys is one of 845 individual stocks in the Medical sector. Collectively, these companies sit at #2 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. AMED is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for AMED's full-year earnings has moved 5.59% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, AMED has moved about 122.16% on a year-to-date basis. Meanwhile, stocks in the Medical group have gained about 1.45% on average. As we can see, Amedisys is performing better than its sector in the calendar year.
Looking more specifically, AMED belongs to the Medical - Outpatient and Home Healthcare industry, which includes 17 individual stocks and currently sits at #75 in the Zacks Industry Rank. On average, stocks in this group have lost 1.37% this year, meaning that AMED is performing better in terms of year-to-date returns.
Going forward, investors interested in Medical stocks should continue to pay close attention to AMED as it looks to continue its solid performance.