Back to top

Image: Bigstock

Is Armata Pharmaceuticals (ARMP) Outperforming Other Medical Stocks This Year?

Read MoreHide Full Article

Investors interested in Medical stocks should always be looking to find the best-performing companies in the group. Is Armata Pharmaceuticals, Inc. (ARMP - 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.

Armata Pharmaceuticals, Inc. is a member of the Medical sector. This group includes 978 individual stocks and currently holds a Zacks Sector Rank of #7. 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. Armata Pharmaceuticals, Inc. is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for ARMP's full-year earnings has moved 24.7% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Our latest available data shows that ARMP has returned about 36.8% since the start of the calendar year. In comparison, Medical companies have returned an average of -4.5%. As we can see, Armata Pharmaceuticals, Inc. is performing better than its sector in the calendar year.

Another Medical stock, which has outperformed the sector so far this year, is Avadel . The stock has returned 28.5% year-to-date.

The consensus estimate for Avadel's current year EPS has increased 89.7% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).

Looking more specifically, Armata Pharmaceuticals, Inc. belongs to the Medical - Biomedical and Genetics industry, a group that includes 488 individual stocks and currently sits at #97 in the Zacks Industry Rank. On average, stocks in this group have gained 3% this year, meaning that ARMP is performing better in terms of year-to-date returns.

On the other hand, Avadel belongs to the Medical - Drugs industry. This 153-stock industry is currently ranked #80. The industry has moved +8.3% year to date.

Armata Pharmaceuticals, Inc. and Avadel could continue their solid performance, so investors interested in Medical stocks should continue to pay close attention to these stocks.

Zacks' 7 Best Strong Buy Stocks (New Research Report)

Valued at $99, click below to receive our just-released report predicting the 7 stocks that will soar highest in the coming month.

Click Here, It's Really Free

Published in