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Are Medical Stocks Lagging BrightSpring Health Services, Inc. (BTSG) This Year?
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Investors interested in Medical stocks should always be looking to find the best-performing companies in the group. BrightSpring Health Services, Inc. (BTSG - 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.
BrightSpring Health Services, Inc. is a member of the Medical sector. This group includes 885 individual stocks and currently holds a Zacks Sector Rank of #4. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. BrightSpring Health Services, Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for BTSG's full-year earnings has moved 17.7% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that BTSG has returned about 50% since the start of the calendar year. In comparison, Medical companies have returned an average of -7.8%. This shows that BrightSpring Health Services, Inc. is outperforming its peers so far this year.
Another stock in the Medical sector, Clene Inc. (CLNN - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 15.7%.
In Clene Inc.'s case, the consensus EPS estimate for the current year increased 9.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, BrightSpring Health Services, Inc. belongs to the Medical Services industry, which includes 62 individual stocks and currently sits at #86 in the Zacks Industry Rank. This group has lost an average of 10.9% so far this year, so BTSG is performing better in this area.
Clene Inc., however, belongs to the Medical - Biomedical and Genetics industry. Currently, this 430-stock industry is ranked #102. The industry has moved -3.2% so far this year.
Going forward, investors interested in Medical stocks should continue to pay close attention to BrightSpring Health Services, Inc. and Clene Inc. as they could maintain their solid performance.
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Are Medical Stocks Lagging BrightSpring Health Services, Inc. (BTSG) This Year?
Investors interested in Medical stocks should always be looking to find the best-performing companies in the group. BrightSpring Health Services, Inc. (BTSG - 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.
BrightSpring Health Services, Inc. is a member of the Medical sector. This group includes 885 individual stocks and currently holds a Zacks Sector Rank of #4. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. BrightSpring Health Services, Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for BTSG's full-year earnings has moved 17.7% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that BTSG has returned about 50% since the start of the calendar year. In comparison, Medical companies have returned an average of -7.8%. This shows that BrightSpring Health Services, Inc. is outperforming its peers so far this year.
Another stock in the Medical sector, Clene Inc. (CLNN - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 15.7%.
In Clene Inc.'s case, the consensus EPS estimate for the current year increased 9.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, BrightSpring Health Services, Inc. belongs to the Medical Services industry, which includes 62 individual stocks and currently sits at #86 in the Zacks Industry Rank. This group has lost an average of 10.9% so far this year, so BTSG is performing better in this area.
Clene Inc., however, belongs to the Medical - Biomedical and Genetics industry. Currently, this 430-stock industry is ranked #102. The industry has moved -3.2% so far this year.
Going forward, investors interested in Medical stocks should continue to pay close attention to BrightSpring Health Services, Inc. and Clene Inc. as they could maintain their solid performance.