The Medical group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Amarin Corporation (AMRN - 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.
Amarin Corporation is one of 887 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. AMRN is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for AMRN's full-year earnings has moved 8.82% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, AMRN has moved about 23.15% on a year-to-date basis. Meanwhile, stocks in the Medical group have gained about 2.95% on average. As we can see, Amarin Corporation is performing better than its sector in the calendar year.
Looking more specifically, AMRN belongs to the Medical - Biomedical and Genetics industry, which includes 376 individual stocks and currently sits at #62 in the Zacks Industry Rank. This group has gained an average of 0.85% so far this year, so AMRN is performing better in this area.
AMRN will likely be looking to continue its solid performance, so investors interested in Medical stocks should continue to pay close attention to the company.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
The Medical group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Amarin Corporation (AMRN - 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.
Amarin Corporation is one of 887 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. AMRN is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for AMRN's full-year earnings has moved 8.82% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, AMRN has moved about 23.15% on a year-to-date basis. Meanwhile, stocks in the Medical group have gained about 2.95% on average. As we can see, Amarin Corporation is performing better than its sector in the calendar year.
Looking more specifically, AMRN belongs to the Medical - Biomedical and Genetics industry, which includes 376 individual stocks and currently sits at #62 in the Zacks Industry Rank. This group has gained an average of 0.85% so far this year, so AMRN is performing better in this area.
AMRN will likely be looking to continue its solid performance, so investors interested in Medical stocks should continue to pay close attention to the company.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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