May 30, 2019
For those looking
to find strong Medical stocks, it is prudent to search for companies in the
group that are outperforming their peers. Is Molina Healthcare (MOH) one of
those stocks right now? By taking a look at the stock's year-to-date
performance in comparison to its Medical peers, we might be able to answer that
question.
Molina Healthcare
is one of 844 companies in the Medical group. The Medical group currently sits
at #2 within the Zacks Sector Rank. The Zacks Sector Rank considers 16
different sector groups. The average Zacks Rank of the individual stocks within
the groups is measured, and the sectors are listed from best to worst.
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. MOH is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks
Consensus Estimate for MOH's full-year earnings has moved 10.56% higher within
the past quarter. This is a sign of improving analyst sentiment and a positive
earnings outlook trend.
Based on the
latest available data, MOH has gained about 12.82% so far this year. In
comparison, Medical companies have returned an average of 1.65%. As we can see,
Molina Healthcare is performing better than its sector in the calendar year.
To break things
down more, MOH belongs to the Medical - HMOs industry, a group that includes 11
individual companies and currently sits at #14 in the Zacks Industry Rank. On
average, this group has lost an average of 1.38% so far this year, meaning that
MOH is performing better in terms of year-to-date returns.
Investors with an
interest in Medical stocks should continue to track MOH. The stock will be
looking to continue its solid performance.
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