Investors focused on the Medical space have likely heard of Molina Healthcare (MOH - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of MOH and the rest of the Medical group's stocks.
Molina Healthcare is a member of the Medical sector. This group includes 818 individual stocks and currently holds a Zacks Sector Rank of #4. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. MOH is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for MOH's full-year earnings has moved 44.54% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that MOH has returned about 86.36% since the start of the calendar year. In comparison, Medical companies have returned an average of 10.01%. This means that Molina Healthcare is outperforming the sector as a whole this year.
To break things down more, MOH belongs to the Medical - HMOs industry, a group that includes 13 individual companies and currently sits at #23 in the Zacks Industry Rank. On average, stocks in this group have gained 23.30% this year, meaning that MOH is performing better in terms of year-to-date returns.
MOH will likely be looking to continue its solid performance, so investors interested Medical stocks should continue to pay close attention to the company.