Investors interested in Medical stocks should always be looking to find the best-performing companies in the group. Is Ayr Wellness Inc. (AYRWF) one of those stocks right now? 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.
Ayr Wellness Inc. is a member of our Medical group, which includes 1051 different companies and currently sits at #2 in the Zacks Sector Rank. 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Ayr Wellness Inc. is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for AYRWF’s full-year earnings has moved 29.3% higher within the past quarter. This means that analyst sentiment is stronger and the stock’s earnings outlook is improving.
Based on the latest available data, AYRWF has gained about 51.8% so
