Is Elanco Animal Health (ELAN) Stock Outpacing Its Medical Peers This Year?

Company Performance - Elanco Animal Health Incorporated (ELAN) has returned approximately 78.5% year-to-date, significantly outperforming the average return of 1.8% for Medical companies [4] - The Zacks Consensus Estimate for ELAN's full-year earnings has increased by 6% over the past three months, indicating improving analyst sentiment [4] Industry Ranking - Elanco Animal Health is part of the Medical - Outpatient and Home Healthcare industry, which consists of 15 companies and currently ranks 39 in the Zacks Industry Rank [6] - The Medical - Outpatient and Home Healthcare industry has gained an average of 10.5% year-to-date, with ELAN performing better than this average [6] Zacks Rank - Elanco Animal Health currently holds a Zacks Rank of 1 (Strong Buy), suggesting it is poised to outperform the broader market in the near term [3] - The Zacks Rank system emphasizes earnings estimates and revisions, highlighting stocks that may outperform the market over the next one to three months [3]