Investors focused on the Medical space have likely heard of Intuitive Surgical (ISRG - 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.
Intuitive Surgical is one of 841 individual stocks in the Medical sector. Collectively, these companies sit at #2 in the Zacks Sector Rank. 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. ISRG is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ISRG's full-year earnings has moved 2.25% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, ISRG has returned 42.17% so far this year. Meanwhile, stocks in the Medical group have gained about 3.88% on average. This shows that Intuitive Surgical is outperforming its peers so far this year.
Breaking things down more, ISRG is a member of the Medical - Instruments industry, which includes 93 individual companies and currently sits at #56 in the Zacks Industry Rank. On average, stocks in this group have gained 16.48% this year, meaning that ISRG is performing better in terms of year-to-date returns.
Going forward, investors interested in Medical stocks should continue to pay close attention to ISRG as it looks to continue its solid performance.