Investors interested in Medical stocks should always be looking to find the best-performing companies in the group. BrightSpring Health Services, Inc. (BTSG) 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? A quick glance at the company's year-to-date performance in comparison to the rest of the Medical sector should help us answer this question.
BrightSpring Health Services, Inc. is a member of the Medical sector. This group includes 950 individual stocks and currently holds a Zacks Sector Rank of #3. 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 is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. BrightSpring Health Services, Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for BTSG's full-year earnings has moved 1.6% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, BTSG has gained about 106.3% so far this year. In comparison, Medical companies have returned an average of 6.3%. This means that BrightSpring Health Services, Inc. is performing better than its sector in terms of year-to-date returns.
Arcutis Biotherapeutics, Inc. (ARQT) is another Medical stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 111.3%.
Over the past three months, Arcutis Biotherapeutics, Inc.'s consensus EPS estimate for the current year has increased 46.5%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, BrightSpring Health Services, Inc. belongs to the Medical Services industry, which includes 62 individual stocks and currently sits at #139 in the Zacks Industry Rank. Stocks in this group have gained about 7.7% so far this year, so BTSG is performing better this group in terms of year-to-date returns.
On the other hand, Arcutis Biotherapeutics, Inc. belongs to the Medical - Biomedical and Genetics industry. This 467-stock industry is currently ranked #80. The industry has moved +17.5% year to date.
BrightSpring Health Services, Inc. and Arcutis Biotherapeutics, Inc. could continue their solid performance, so investors interested in Medical stocks should continue to pay close attention to these stocks.
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BrightSpring Health Services, Inc. (BTSG): Free Stock Analysis Report Arcutis Biotherapeutics, Inc. (ARQT): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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