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Is WellCare Health Plans (WCG) Stock Outpacing Its Medical Peers This Year?

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Investors interested in Medical stocks should always be looking to find the best-performing companies in the group. Has WellCare Health Plans (WCG - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

WellCare Health Plans is one of 845 companies in the Medical group. The Medical group currently sits at #5 within 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. WCG is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for WCG's full-year earnings has moved 1.27% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Our latest available data shows that WCG has returned about 28.84% 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 WellCare Health Plans is outperforming the sector as a whole this year.

Breaking things down more, WCG is a member of the Medical - HMOs industry, which includes 13 individual companies and currently sits at #22 in the Zacks Industry Rank. On average, this group has gained an average of 18.84% so far this year, meaning that WCG is performing better in terms of year-to-date returns.

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




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