The Medical group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Intuitive Surgical (ISRG) 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 a member of the Medical sector. This group includes 845 individual stocks and currently holds a Zacks Sector Rank of #2. 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 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. 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 shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, ISRG has returned 36.64% so far this year. In comparison, Medical companies have returned an average of 1.45%. As we can see, Intuitive Surgical is performing better than its sector in the calendar year.
Looking more specifically, ISRG belongs to the Medical - Instruments industry, which includes 94 individual stocks and currently sits at #78 in the Zacks Industry Rank. On average, stocks in this group have gained 13.79% 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.
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Intuitive Surgical, Inc. (ISRG): Free Stock Analysis Report
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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.
