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Is Anixa Biosciences (ANIX) 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. Is ANIXA BIOSCIENCES INC (ANIX - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.

ANIXA BIOSCIENCES INC is a member of the Medical sector. This group includes 1150 individual stocks and currently holds a Zacks Sector Rank of #4. 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. ANIXA BIOSCIENCES INC is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for ANIX's full-year earnings has moved 30.7% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Our latest available data shows that ANIX has returned about 15.3% since the start of the calendar year. Meanwhile, the Medical sector has returned an average of 0.2% on a year-to-date basis. This means that ANIXA BIOSCIENCES INC is outperforming the sector as a whole this year.

Another stock in the Medical sector, Intuitive Surgical, Inc. (ISRG - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 13.2%.

The consensus estimate for Intuitive Surgical, Inc.'s current year EPS has increased 0.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

Looking more specifically, ANIXA BIOSCIENCES INC belongs to the Medical - Biomedical and Genetics industry, which includes 554 individual stocks and currently sits at #78 in the Zacks Industry Rank. On average, this group has lost an average of 3.7% so far this year, meaning that ANIX is performing better in terms of year-to-date returns.

Intuitive Surgical, Inc. however, belongs to the Medical - Instruments industry. Currently, this 94-stock industry is ranked #105. The industry has moved +6.7% so far this year.

Investors interested in the Medical sector may want to keep a close eye on ANIXA BIOSCIENCES INC and Intuitive Surgical, Inc. as they attempt to continue their solid performance.


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