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Are Medical Stocks Lagging AxoGen (AXGN) This Year?
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Investors interested in Medical stocks should always be looking to find the best-performing companies in the group. Has AxoGen (AXGN - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
AxoGen is a member of the Medical sector. This group includes 974 individual stocks and currently holds a Zacks Sector Rank of #7. 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 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. AxoGen is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for AXGN's full-year earnings has moved 27.1% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, AXGN has moved about 1.9% on a year-to-date basis. Meanwhile, stocks in the Medical group have lost about 0.7% on average. As we can see, AxoGen is performing better than its sector in the calendar year.
Arcutis Biotherapeutics, Inc. (ARQT - Free Report) is another Medical stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 27%.
Over the past three months, Arcutis Biotherapeutics, Inc.'s consensus EPS estimate for the current year has increased 20.9%. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, AxoGen belongs to the Medical - Instruments industry, a group that includes 83 individual companies and currently sits at #94 in the Zacks Industry Rank. On average, this group has lost an average of 9.1% so far this year, meaning that AXGN is performing better in terms of year-to-date returns.
Arcutis Biotherapeutics, Inc., however, belongs to the Medical - Biomedical and Genetics industry. Currently, this 485-stock industry is ranked #97. The industry has moved +5.6% so far this year.
Going forward, investors interested in Medical stocks should continue to pay close attention to AxoGen and Arcutis Biotherapeutics, Inc. as they could maintain their solid performance.
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Are Medical Stocks Lagging AxoGen (AXGN) This Year?
Investors interested in Medical stocks should always be looking to find the best-performing companies in the group. Has AxoGen (AXGN - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
AxoGen is a member of the Medical sector. This group includes 974 individual stocks and currently holds a Zacks Sector Rank of #7. 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 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. AxoGen is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for AXGN's full-year earnings has moved 27.1% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, AXGN has moved about 1.9% on a year-to-date basis. Meanwhile, stocks in the Medical group have lost about 0.7% on average. As we can see, AxoGen is performing better than its sector in the calendar year.
Arcutis Biotherapeutics, Inc. (ARQT - Free Report) is another Medical stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 27%.
Over the past three months, Arcutis Biotherapeutics, Inc.'s consensus EPS estimate for the current year has increased 20.9%. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, AxoGen belongs to the Medical - Instruments industry, a group that includes 83 individual companies and currently sits at #94 in the Zacks Industry Rank. On average, this group has lost an average of 9.1% so far this year, meaning that AXGN is performing better in terms of year-to-date returns.
Arcutis Biotherapeutics, Inc., however, belongs to the Medical - Biomedical and Genetics industry. Currently, this 485-stock industry is ranked #97. The industry has moved +5.6% so far this year.
Going forward, investors interested in Medical stocks should continue to pay close attention to AxoGen and Arcutis Biotherapeutics, Inc. as they could maintain their solid performance.