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Is Alimera Sciences (ALIM) Outperforming Other Medical Stocks 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. Alimera Sciences (ALIM - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.

Alimera Sciences is a member of the Medical sector. This group includes 1186 individual stocks and currently holds a Zacks Sector Rank of #5. 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 proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Alimera Sciences is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for ALIM's full-year earnings has moved 11.1% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

According to our latest data, ALIM has moved about 30.6% on a year-to-date basis. Meanwhile, the Medical sector has returned an average of -14.4% on a year-to-date basis. As we can see, Alimera Sciences is performing better than its sector in the calendar year.

Another stock in the Medical sector, Centene (CNC - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 16.9%.

For Centene, the consensus EPS estimate for the current year has increased 3.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

Looking more specifically, Alimera Sciences belongs to the Medical - Biomedical and Genetics industry, a group that includes 557 individual stocks and currently sits at #71 in the Zacks Industry Rank. This group has lost an average of 17% so far this year, so ALIM is performing better in this area.

In contrast, Centene falls under the Medical - HMOs industry. Currently, this industry has 8 stocks and is ranked #65. Since the beginning of the year, the industry has moved +9.4%.

Going forward, investors interested in Medical stocks should continue to pay close attention to Alimera Sciences and Centene as they could maintain their solid performance.


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