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Surging Earnings Estimates Signal Good News for Everyday Health (EVDY)
May 30, 2014

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Everyday Health, Inc. is an Internet Content provider that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on EVDY’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Everyday Health could be a solid choice for investors.
Current Quarter Estimates for EVDY
In the past 30 days, 1 estimate has gone higher for Everyday Health with no lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of a penny a share 30 days ago, to breakeven today, a significant move upward.
Current Year Estimates for EVDY
Meanwhile, Everyday Health’s current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to no lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 7 cents per share 30 days ago to 15 cents per share today, an increase of 114.3%.
Bottom Line
The stock has also started to move higher lately, adding 20.9% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this  Zacks Rank #3(Hold) stock to profit in the near future.
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