Markets
MED

Is MEDIFAST INC (MED) Stock Outpacing Its Consumer Staples Peers This Year?

The Consumer Staples group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has MEDIFAST INC (MED) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

MEDIFAST INC is a member of our Consumer Staples group, which includes 176 different companies and currently sits at #16 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. MED is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past three months, the Zacks Consensus Estimate for MED's full-year earnings has moved 23.29% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Based on the most recent data, MED has returned 237.33% so far this year. At the same time, Consumer Staples stocks have lost an average of 8.89%. This means that MEDIFAST INC is performing better than its sector in terms of year-to-date returns.

To break things down more, MED belongs to the Food - Miscellaneous industry, a group that includes 42 individual companies and currently sits at #217 in the Zacks Industry Rank. On average, this group has lost an average of 5.85% so far this year, meaning that MED is performing better in terms of year-to-date returns.

Investors with an interest in Consumer Staples stocks should continue to track MED. The stock will be looking to continue its solid performance.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

MEDIFAST INC (MED): Free Stock Analysis Report

To read this article on Zacks.com click here.

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.

In This Story

MED

Other Topics

Investing Stocks

Latest Markets Videos

Zacks

Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

Learn More