The Medical group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Integer Holdings (ITGR) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Integer Holdings 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 is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. ITGR is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ITGR's full-year earnings has moved 2.49% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, ITGR has moved about 7.12% on a year-to-date basis. Meanwhile, stocks in the Medical group have gained about 4.14% on average. This means that Integer Holdings is outperforming the sector as a whole this year.
Looking more specifically, ITGR belongs to the Medical - Instruments industry, which includes 90 individual stocks and currently sits at #88 in the Zacks Industry Rank. Stocks in this group have gained about 7.39% so far this year, so ITGR is slightly underperforming its industry this group in terms of year-to-date returns.
Going forward, investors interested in Medical stocks should continue to pay close attention to ITGR as it looks to continue its solid performance.