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Has HCA Healthcare (HCA) Outpaced Other Medical Stocks This Year?

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Investors focused on the Medical space have likely heard of HCA Healthcare (HCA - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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.

HCA Healthcare is a member of the Medical sector. This group includes 758 individual stocks and currently holds a Zacks Sector Rank of #6. 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. HCA is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for HCA's full-year earnings has moved 4.54% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

According to our latest data, HCA has moved about 48.01% on a year-to-date basis. Meanwhile, stocks in the Medical group have gained about 4.51% on average. This means that HCA Healthcare is outperforming the sector as a whole this year.

To break things down more, HCA belongs to the Medical - Hospital industry, a group that includes 8 individual companies and currently sits at #57 in the Zacks Industry Rank. Stocks in this group have gained about 34% so far this year, so HCA is performing better this group in terms of year-to-date returns.

Investors in the Medical sector will want to keep a close eye on HCA as it attempts to continue its solid performance.


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