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Is Patterson Companies (PDCO) Stock Outpacing Its Medical Peers This Year?

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The Medical group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Patterson Companies (PDCO - 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.

Patterson Companies is a member of the Medical sector. This group includes 927 individual stocks and currently holds a Zacks Sector Rank of #13. 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 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. PDCO is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for PDCO's full-year earnings has moved 23% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the most recent data, PDCO has returned 52.49% so far this year. At the same time, Medical stocks have gained an average of 5.56%. This means that Patterson Companies is performing better than its sector in terms of year-to-date returns.

Breaking things down more, PDCO is a member of the Medical - Dental Supplies industry, which includes 22 individual companies and currently sits at #81 in the Zacks Industry Rank. This group has gained an average of 14.18% so far this year, so PDCO is performing better in this area.

Investors in the Medical sector will want to keep a close eye on PDCO as it attempts to continue its solid performance.


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