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Has Amedisys (AMED) Outpaced Other Medical Stocks This Year?

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Investors focused on the Medical space have likely heard of Amedisys (AMED - 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.

Amedisys is one of 817 individual stocks in the Medical sector. Collectively, these companies sit at #6 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

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. AMED is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for AMED's full-year earnings has moved 8.39% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

According to our latest data, AMED has moved about 101.33% on a year-to-date basis. In comparison, Medical companies have returned an average of 0.02%. This means that Amedisys is outperforming the sector as a whole this year.

Looking more specifically, AMED belongs to the Medical - Outpatient and Home Healthcare industry, a group that includes 17 individual stocks and currently sits at #101 in the Zacks Industry Rank. This group has lost an average of 4.17% so far this year, so AMED is performing better in this area.

Going forward, investors interested in Medical stocks should continue to pay close attention to AMED as it looks to continue its solid performance.


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