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 one of 756 individual stocks in the Medical sector. Collectively, these companies sit 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. ISRG is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ISRG's full-year earnings has moved 5.35% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, ISRG has returned 55.99% so far this year. Meanwhile, the Medical sector has returned an average of 10.94% on a year-to-date basis. 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 #122 in the Zacks Industry Rank. On average, this group has gained an average of 29.17% 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.