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Is Illumina (ILMN) Outperforming Other Medical Stocks This Year?
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For those looking to find strong Medical stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Illumina (ILMN - 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.
Illumina is a member of the Medical sector. This group includes 757 individual stocks and currently holds a Zacks Sector Rank of #6. 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. ILMN is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for ILMN's full-year earnings has moved 11.24% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, ILMN has returned 51.70% so far this year. Meanwhile, the Medical sector has returned an average of 5.94% on a year-to-date basis. This shows that Illumina is outperforming its peers so far this year.
Looking more specifically, ILMN belongs to the Medical - Biomedical and Genetics industry, a group that includes 280 individual stocks and currently sits at #99 in the Zacks Industry Rank. On average, stocks in this group have lost 2.50% this year, meaning that ILMN is performing better in terms of year-to-date returns.
Investors in the Medical sector will want to keep a close eye on ILMN as it attempts to continue its solid performance.
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Is Illumina (ILMN) Outperforming Other Medical Stocks This Year?
For those looking to find strong Medical stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Illumina (ILMN - 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.
Illumina is a member of the Medical sector. This group includes 757 individual stocks and currently holds a Zacks Sector Rank of #6. 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. ILMN is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for ILMN's full-year earnings has moved 11.24% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, ILMN has returned 51.70% so far this year. Meanwhile, the Medical sector has returned an average of 5.94% on a year-to-date basis. This shows that Illumina is outperforming its peers so far this year.
Looking more specifically, ILMN belongs to the Medical - Biomedical and Genetics industry, a group that includes 280 individual stocks and currently sits at #99 in the Zacks Industry Rank. On average, stocks in this group have lost 2.50% this year, meaning that ILMN is performing better in terms of year-to-date returns.
Investors in the Medical sector will want to keep a close eye on ILMN as it attempts to continue its solid performance.