The Medical group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. HMS Holdings (HMSY - 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? One simple way to answer this question is to take a look at the year-to-date performance of HMSY and the rest of the Medical group's stocks.
HMS Holdings is a member of our Medical group, which includes 761 different companies and currently sits at #7 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 is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. HMSY is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for HMSY's full-year earnings has moved 0.26% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that HMSY has returned about 39.65% since the start of the calendar year. Meanwhile, the Medical sector has returned an average of 1.84% on a year-to-date basis. This means that HMS Holdings is outperforming the sector as a whole this year.
Looking more specifically, HMSY belongs to the Medical Info Systems industry, a group that includes 22 individual stocks and currently sits at #104 in the Zacks Industry Rank. This group has gained an average of 7.93% so far this year, so HMSY is performing better in this area.
Going forward, investors interested in Medical stocks should continue to pay close attention to HMSY as it looks to continue its solid performance.