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Has Intuitive Surgical (ISRG) Outpaced Other Medical Stocks This Year?
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The Medical group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Intuitive Surgical (ISRG - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of ISRG and the rest of the Medical group's stocks.
Intuitive Surgical is one of 761 companies in the Medical group. The Medical group currently sits at #7 within 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 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. ISRG is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ISRG's full-year earnings has moved 2.83% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, ISRG has moved about 42.45% on a year-to-date basis. At the same time, Medical stocks have gained an average of 2.72%. This means that Intuitive Surgical is performing better than its sector in terms of year-to-date returns.
To break things down more, ISRG belongs to the Medical - Instruments industry, a group that includes 88 individual companies and currently sits at #73 in the Zacks Industry Rank. This group has lost an average of 10% so far this year, so ISRG is performing better in this area.
ISRG will likely be looking to continue its solid performance, so investors interested Medical stocks should continue to pay close attention to the company.
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Has Intuitive Surgical (ISRG) Outpaced Other Medical Stocks This Year?
The Medical group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Intuitive Surgical (ISRG - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of ISRG and the rest of the Medical group's stocks.
Intuitive Surgical is one of 761 companies in the Medical group. The Medical group currently sits at #7 within 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 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. ISRG is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ISRG's full-year earnings has moved 2.83% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, ISRG has moved about 42.45% on a year-to-date basis. At the same time, Medical stocks have gained an average of 2.72%. This means that Intuitive Surgical is performing better than its sector in terms of year-to-date returns.
To break things down more, ISRG belongs to the Medical - Instruments industry, a group that includes 88 individual companies and currently sits at #73 in the Zacks Industry Rank. This group has lost an average of 10% so far this year, so ISRG is performing better in this area.
ISRG will likely be looking to continue its solid performance, so investors interested Medical stocks should continue to pay close attention to the company.