Markets

Has STAAR Surgical (STAA) Outpaced Other Medical Stocks This Year?

Investors focused on the Medical space have likely heard of STAAR Surgical (STAA), but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

STAAR 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 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. STAA is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for STAA's full-year earnings has moved 2.94% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Based on the latest available data, STAA has gained about 8.15% so far this year. Meanwhile, stocks in the Medical group have gained about 4.14% on average. This means that STAAR Surgical is outperforming the sector as a whole this year.

Looking more specifically, STAA belongs to the Medical - Dental Supplies industry, a group that includes 20 individual stocks and currently sits at #67 in the Zacks Industry Rank. On average, this group has gained an average of 5.44% so far this year, meaning that STAA is performing better in terms of year-to-date returns.

STAA will likely be looking to continue its solid performance, so investors interested in Medical stocks should continue to pay close attention to the company.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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