Investors focused on the Medical space have likely heard of Lannett Co (LCI), but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
Lannett Co is a member of our Medical group, which includes 850 different companies and currently sits at #3 in the Zacks Sector Rank. 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. LCI is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for LCI's full-year earnings has moved 2.55% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, LCI has returned 63.31% so far this year. Meanwhile, stocks in the Medical group have gained about 10.03% on average. As we can see, Lannett Co is performing better than its sector in the calendar year.
To break things down more, LCI belongs to the Medical - Drugs industry, a group that includes 177 individual companies and currently sits at #84 in the Zacks Industry Rank. On average, this group has gained an average of 19.76% so far this year, meaning that LCI is performing better in terms of year-to-date returns.
Going forward, investors interested in Medical stocks should continue to pay close attention to LCI as it looks to continue its solid performance.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Lannett Co Inc (LCI) : Free Stock Analysis Report
To read this article on Zacks.com click here.