Is Cencora, Inc. (COR) Stock Outpacing Its Medical Peers This Year?
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Investors interested in Medical stocks should always be looking to find the best-performing companies in the group. Cencora (COR) 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? Let's take a closer look at the stock's year-to-date performance to find out.
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Cencora is one of 995 companies in the Medical group. The Medical group currently sits at #4 within 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 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. Cencora is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for COR's full-year earnings has moved 2.9% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, COR has moved about 29.6% on a year-to-date basis. Meanwhile, stocks in the Medical group have lost about 5.3% on average. As we can see, Cencora is performing better than its sector in the calendar year.
Another Medical stock, which has outperformed the sector so far this year, is Catalyst Pharmaceutical (CPRX). The stock has returned 19.6% year-to-date.
The consensus estimate for Catalyst Pharmaceutical's current year EPS has increased 2.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Cencora belongs to the Medical Services industry, a group that includes 58 individual stocks and currently sits at #68 in the Zacks Industry Rank. Stocks in this group have lost about 3.9% so far this year, so COR is performing better this group in terms of year-to-date returns.
Catalyst Pharmaceutical, however, belongs to the Medical - Drugs industry. Currently, this 161-stock industry is ranked #55. The industry has moved -1.8% so far this year.
Investors interested in the Medical sector may want to keep a close eye on Cencora and Catalyst Pharmaceutical as they attempt to continue their solid performance.
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