Investors interested in Medical stocks should always be looking to find the best-performing companies in the group. Is Intuitive Surgical (ISRG - 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.
Intuitive Surgical is a member of our Medical group, which includes 763 different companies and currently sits at #10 in the Zacks Sector Rank. 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. ISRG is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for ISRG's full-year earnings has moved 12.66% 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 ISRG has returned about 24.58% since the start of the calendar year. At the same time, Medical stocks have lost an average of 1.77%. This means that Intuitive Surgical is performing better than its sector in terms of year-to-date returns.
Looking more specifically, ISRG belongs to the Medical - Instruments industry, which includes 88 individual stocks and currently sits at #101 in the Zacks Industry Rank. On average, this group has lost an average of 7.45% so far this year, meaning that ISRG is performing better in terms of year-to-date returns.
Investors with an interest in Medical stocks should continue to track ISRG. The stock will be looking to continue its solid performance.