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Teladoc (TDOC) Stock Sinks As Market Gains: What You Should Know

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Teladoc (TDOC - Free Report) closed the most recent trading day at $245.50, moving -0.5% from the previous trading session. This move lagged the S&P 500's daily gain of 0.03%. Elsewhere, the Dow lost 0.04%, while the tech-heavy Nasdaq added 0.55%.

Prior to today's trading, shares of the telehealth services provider had gained 17.82% over the past month. This has outpaced the Medical sector's gain of 2.93% and the S&P 500's gain of 3.99% in that time.

TDOC will be looking to display strength as it nears its next earnings release. On that day, TDOC is projected to report earnings of -$0.29 per share, which would represent a year-over-year decline of 11.54%. Meanwhile, our latest consensus estimate is calling for revenue of $376.80 million, up 140.78% from the prior-year quarter.

Investors might also notice recent changes to analyst estimates for TDOC. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 6.36% higher. TDOC is currently sporting a Zacks Rank of #2 (Buy).

The Medical Services industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 124, which puts it in the top 49% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.


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