We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is Cytokinetics (CYTK) Outperforming Other Medical Stocks This Year?
Read MoreHide Full Article
For those looking to find strong Medical stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Cytokinetics (CYTK - 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.
Cytokinetics is a member of our Medical group, which includes 1189 different companies and currently sits at #3 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 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. Cytokinetics is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for CYTK's full-year earnings has moved 14.8% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, CYTK has gained about 6.7% so far this year. At the same time, Medical stocks have lost an average of 22.4%. As we can see, Cytokinetics is performing better than its sector in the calendar year.
Another stock in the Medical sector, Humana (HUM - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 7.8%.
The consensus estimate for Humana's current year EPS has increased 1.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Cytokinetics belongs to the Medical - Biomedical and Genetics industry, a group that includes 563 individual companies and currently sits at #62 in the Zacks Industry Rank. Stocks in this group have lost about 25% so far this year, so CYTK is performing better this group in terms of year-to-date returns.
On the other hand, Humana belongs to the Medical - HMOs industry. This 7-stock industry is currently ranked #35. The industry has moved +2.8% year to date.
Cytokinetics and Humana could continue their solid performance, so investors interested in Medical stocks should continue to pay close attention to these stocks.
View the Zacks #1 Rank List
Image: Bigstock
Is Cytokinetics (CYTK) Outperforming Other Medical Stocks This Year?
For those looking to find strong Medical stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Cytokinetics (CYTK - 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.
Cytokinetics is a member of our Medical group, which includes 1189 different companies and currently sits at #3 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 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. Cytokinetics is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for CYTK's full-year earnings has moved 14.8% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, CYTK has gained about 6.7% so far this year. At the same time, Medical stocks have lost an average of 22.4%. As we can see, Cytokinetics is performing better than its sector in the calendar year.
Another stock in the Medical sector, Humana (HUM - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 7.8%.
The consensus estimate for Humana's current year EPS has increased 1.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Cytokinetics belongs to the Medical - Biomedical and Genetics industry, a group that includes 563 individual companies and currently sits at #62 in the Zacks Industry Rank. Stocks in this group have lost about 25% so far this year, so CYTK is performing better this group in terms of year-to-date returns.
On the other hand, Humana belongs to the Medical - HMOs industry. This 7-stock industry is currently ranked #35. The industry has moved +2.8% year to date.
Cytokinetics and Humana could continue their solid performance, so investors interested in Medical stocks should continue to pay close attention to these stocks.