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Here's Why You Should Invest in athenaheath Stock Right Now
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On Mar 26, we issued an updated research report on athenahealth Inc . The company’s strong product portfolio, solid network expansion strategies and unique business model are tailwinds.
Consequently, athenahealth is one of the top-performing stocks in the MedTech sector. The stock sports a Zacks Rank #1 (Strong Buy). Further, an improvement in share price and strong fundamentals indicate analyst’s bullish sentiments.
Price Performance & Estimate Revision Trend
Estimates for athenahealth have moved upward over the past 60 days, reflecting analysts’ optimism in the stock. The Zacks Consensus Estimate for 2018 and 2019 earnings have been revised 29.8% and 25.8% upward to $3.79 and $4.49, respectively.
Shares of this company have outperformed the industry in a year’s time. The stock has returned 25.3% compared with the industry’s rally of 6.5%.
Let’s focus on the factors that make athenahealth an attractive pick for investors.
Favorable Factors
athenahealth’s portfolio comprises a wide array of products that include electronic health records, revenue cycle management, medical billing, patient engagement, care coordination, population health management and Epocrates.
By the end of the fourth quarter of 2017, athenahealth launched its first machine-learning model to automate faxes. The company also piloted services like authorization management, which is likely to expand its client base throughout 2018.
athenaInsight, an online news hub that reports on U.S. healthcare activities and trends of healthcare providers and de-identified patients, has been fortifying the company’s footprint.
In 2017, athenahealth expanded its patient record sharing capabilities with CommonWell and Carequality.
For full-year 2018, the company expects adjusted operating margin in the range of 16-17%. The company has not provided any guidance for adjusted earnings. athenahealth estimates total revenues in the range of $1,310-$1,380 million.
Other Key Picks
A few other top-ranked stocks in the broader medical sector are Bio-Rad Laboratories (BIO - Free Report) , Varian Medical Systems, Inc. and PerkinElmer .
Varian Medical has a long-term expected earnings growth rate of 8%. The stock carries a Zacks Rank of 2 (Buy).
PerkinElmer has a long-term expected earnings growth rate of 12.3%. The stock carries a Zacks Rank #2.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
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Here's Why You Should Invest in athenaheath Stock Right Now
On Mar 26, we issued an updated research report on athenahealth Inc . The company’s strong product portfolio, solid network expansion strategies and unique business model are tailwinds.
Consequently, athenahealth is one of the top-performing stocks in the MedTech sector. The stock sports a Zacks Rank #1 (Strong Buy). Further, an improvement in share price and strong fundamentals indicate analyst’s bullish sentiments.
Price Performance & Estimate Revision Trend
Estimates for athenahealth have moved upward over the past 60 days, reflecting analysts’ optimism in the stock. The Zacks Consensus Estimate for 2018 and 2019 earnings have been revised 29.8% and 25.8% upward to $3.79 and $4.49, respectively.
Shares of this company have outperformed the industry in a year’s time. The stock has returned 25.3% compared with the industry’s rally of 6.5%.
athenahealth, Inc. Price and Consensus
athenahealth, Inc. Price and Consensus | athenahealth, Inc. Quote
Let’s focus on the factors that make athenahealth an attractive pick for investors.
Favorable Factors
athenahealth’s portfolio comprises a wide array of products that include electronic health records, revenue cycle management, medical billing, patient engagement, care coordination, population health management and Epocrates.
By the end of the fourth quarter of 2017, athenahealth launched its first machine-learning model to automate faxes. The company also piloted services like authorization management, which is likely to expand its client base throughout 2018.
athenaInsight, an online news hub that reports on U.S. healthcare activities and trends of healthcare providers and de-identified patients, has been fortifying the company’s footprint.
In 2017, athenahealth expanded its patient record sharing capabilities with CommonWell and Carequality.
For full-year 2018, the company expects adjusted operating margin in the range of 16-17%. The company has not provided any guidance for adjusted earnings. athenahealth estimates total revenues in the range of $1,310-$1,380 million.
Other Key Picks
A few other top-ranked stocks in the broader medical sector are Bio-Rad Laboratories (BIO - Free Report) , Varian Medical Systems, Inc. and PerkinElmer .
Bio-Rad Laboratories sports a Zacks Rank of #1. You can see the complete list of today’s Zacks #1 Rank stocks here. The company has a long-term expected earnings growth rate of 20%.
Varian Medical has a long-term expected earnings growth rate of 8%. The stock carries a Zacks Rank of 2 (Buy).
PerkinElmer has a long-term expected earnings growth rate of 12.3%. The stock carries a Zacks Rank #2.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>