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Is ICU Medical (ICUI) Stock Outpacing Its Medical Peers This Year?

Zacks Equity Research
Updated
Comtech Telecommunications (CMTL) closed the most recent trading day at $26.47, moving +1.26% from the previous trading session.

Investors focused on the Medical space have likely heard of ICU Medical (ICUI), but is the stock performing well in comparison to the rest of its sector peers? 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.

ICU Medical is one of 763 individual stocks in the Medical sector. Collectively, these companies sit at #12 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

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. ICUI is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for ICUI's full-year earnings has moved 6.05% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

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According to our latest data, ICUI has moved about 34.65% on a year-to-date basis. Meanwhile, the Medical sector has returned an average of 0.93% on a year-to-date basis. This means that ICU Medical is performing better than its sector in terms of year-to-date returns.

Breaking things down more, ICUI is a member of the Medical - Products industry, which includes 70 individual companies and currently sits at #186 in the Zacks Industry Rank. Stocks in this group have gained about 9.62% so far this year, so ICUI is performing better this group in terms of year-to-date returns.

Going forward, investors interested in Medical stocks should continue to pay close attention to ICUI as it looks to continue its solid performance.


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