The Medical group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Aytu BioPharma Inc. (AYTU) 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.
Aytu BioPharma Inc. is a member of the Medical sector. This group includes 1161 individual stocks and currently holds a Zacks Sector Rank of #11. 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. Aytu BioPharma Inc. is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for AYTU’s full-year earnings has moved 7.1% higher. This means that analyst sentiment is stronger and the stock’s earnings outlook is improving.
Based on the latest available data, AYTU has gained about 0.7% so far this year. Meanwhile, the Medical sector has returned an average of -9.9% on a year-to-date basis. This means that Aytu BioPharma Inc. is performing better than its sector in terms of year-to-date returns.
Another Medical stock, which has outperformed the sector so far this year, is Collegium Pharmaceutical (COLL). The stock has returned 17.7% year-to-date.
Over the past three months, Collegium Pharmaceutical’s consensus EPS estimate for the current year has increased 43.7%. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Aytu BioPharma Inc. belongs to the Medical – Biomedical and Genetics industry, which includes 540 individual stocks and currently sits at #139 in the Zacks Industry Rank. Stocks in this group have lost about 15.7% so far this year, so AYTU is performing better this group in terms of year-to-date returns.
On the other hand, Collegium Pharmaceutical belongs to the Medical – Drugs industry. This 231-stock industry is currently ranked #153. The industry has moved -13.1% year to date.
Investors interested in the Medical sector may want to keep a close eye on Aytu BioPharma Inc. and Collegium Pharmaceutical as they attempt to continue their solid performance.
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