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? 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.
Molina Healthcare is one of 843 individual stocks in the Medical sector. Collectively, these companies sit at #3 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 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 #1 (Strong Buy).
The Zacks Consensus Estimate for MOH's full-year earnings has moved 21.75% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that MOH has returned about 73.27% since the start of the calendar year. Meanwhile, the Medical sector has returned an average of 4.91% on a year-to-date basis. This shows that Molina Healthcare is outperforming its peers so far 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 #89 in the Zacks Industry Rank. Stocks in this group have gained about 26.97% so far this year, so MOH is performing better this group in terms of year-to-date returns.
Going forward, investors interested in Medical stocks should continue to pay close attention to MOH as it looks to continue its solid performance.