Is Intuitive Surgical (ISRG) Outperforming Other Medical Stocks This Year?

ISRG

For those looking to find strong Medical stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Intuitive Surgical (ISRG - 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.

Intuitive Surgical is a member of our Medical group, which includes 764 different companies and currently sits at #10 in 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 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. ISRG is currently sporting a Zacks Rank of #1 (Strong Buy).

The Zacks Consensus Estimate for ISRG's full-year earnings has moved 11.40% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Based on the most recent data, ISRG has returned 28.35% so far this year. Meanwhile, stocks in the Medical group have lost about 2.08% on average. As we can see, Intuitive Surgical is performing better than its sector in the calendar year.

Looking more specifically, ISRG belongs to the Medical - Instruments industry, which includes 88 individual stocks and currently sits at #107 in the Zacks Industry Rank. On average, stocks in this group have lost 6.58% this year, meaning that ISRG is performing better in terms of year-to-date returns.

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

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