Investors focused on the Medical space have likely heard of Computer Programs and Systems (CPSI - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Medical sector should help us answer this question.
Computer Programs and Systems is a member of the Medical sector. This group includes 763 individual stocks and currently holds a Zacks Sector Rank of #12. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. CPSI is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for CPSI's full-year earnings has moved 18.30% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that CPSI has returned about 11.98% since the start of the calendar year. At the same time, Medical stocks have gained an average of 2.06%. As we can see, Computer Programs and Systems is performing better than its sector in the calendar year.
Breaking things down more, CPSI is a member of the Medical Info Systems industry, which includes 22 individual companies and currently sits at #70 in the Zacks Industry Rank. On average, stocks in this group have gained 7.25% this year, meaning that CPSI is performing better in terms of year-to-date returns.
CPSI will likely be looking to continue its solid performance, so investors interested Medical stocks should continue to pay close attention to the company.