For those looking to find strong Medical stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Brookdale Senior Living (BKD) been one of those stocks this year? 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.
Brookdale Senior Living is a member of the Medical sector. This group includes 920 individual stocks and currently holds a Zacks Sector Rank of #8. 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 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. Brookdale Senior Living is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for BKD's full-year earnings has moved 160% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, BKD has moved about 9.3% on a year-to-date basis. Meanwhile, stocks in the Medical group have gained about 3.5% on average. This means that Brookdale Senior Living is outperforming the sector as a whole this year.
Another stock in the Medical sector, Biomea Fusion, Inc. (BMEA), has outperformed the sector so far this year. The stock's year-to-date return is 35.5%.
For Biomea Fusion, Inc., the consensus EPS estimate for the current year has increased 11.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Brookdale Senior Living belongs to the Medical - Nursing Homes industry, a group that includes 2 individual companies and currently sits at #10 in the Zacks Industry Rank. On average, this group has gained an average of 1.1% so far this year, meaning that BKD is performing better in terms of year-to-date returns.
On the other hand, Biomea Fusion, Inc. belongs to the Medical - Biomedical and Genetics industry. This 440-stock industry is currently ranked #158. The industry has moved +8.8% year to date.
Investors with an interest in Medical stocks should continue to track Brookdale Senior Living and Biomea Fusion, Inc.. These stocks will be looking to continue their solid performance.
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Brookdale Senior Living Inc. (BKD): Free Stock Analysis Report
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This article originally published on Zacks Investment Research (zacks.com).