We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
DocGo Inc. (DCGO) Moves 6.8% Higher: Will This Strength Last?
Read MoreHide Full Article
DocGo Inc. (DCGO - Free Report) shares soared 6.8% in the last trading session to close at $6.46. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 39.6% loss over the past four weeks.
DocGO scored a strong price increase, driven by the investor’s optimism surrounding the company’s participation at the Morgan Stanley 21st Annual Global Healthcare Conference in New York City, held on Sep 13, 2023. In addition, the company recently entered into a partnership with one of the largest not-for-profit health insurers in United States, EmblemHealth. The collaboration represents a significant step forward in DocGo’s mission to provide high-quality, accessible health care to all, further boosting investor’s confidence in the stock.
This company is expected to post quarterly earnings of $0.07 per share in its upcoming report, which represents a year-over-year change of +40%. Revenues are expected to be $145.64 million, up 39.6% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For DocGo Inc., the consensus EPS estimate for the quarter has been revised 18.2% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on DCGO going forward to see if this recent jump can turn into more strength down the road.
DocGo Inc. belongs to the Zacks Medical Services industry. Another stock from the same industry, Bausch + Lomb (BLCO - Free Report) , closed the last trading session 0.3% higher at $17.72. Over the past month, BLCO has returned -6%.
For Bausch + Lomb, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.17. This represents a change of -45.2% from what the company reported a year ago. Bausch + Lomb currently has a Zacks Rank of #3 (Hold).
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
DocGo Inc. (DCGO) Moves 6.8% Higher: Will This Strength Last?
DocGo Inc. (DCGO - Free Report) shares soared 6.8% in the last trading session to close at $6.46. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 39.6% loss over the past four weeks.
DocGO scored a strong price increase, driven by the investor’s optimism surrounding the company’s participation at the Morgan Stanley 21st Annual Global Healthcare Conference in New York City, held on Sep 13, 2023. In addition, the company recently entered into a partnership with one of the largest not-for-profit health insurers in United States, EmblemHealth. The collaboration represents a significant step forward in DocGo’s mission to provide high-quality, accessible health care to all, further boosting investor’s confidence in the stock.
This company is expected to post quarterly earnings of $0.07 per share in its upcoming report, which represents a year-over-year change of +40%. Revenues are expected to be $145.64 million, up 39.6% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For DocGo Inc., the consensus EPS estimate for the quarter has been revised 18.2% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on DCGO going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
DocGo Inc. belongs to the Zacks Medical Services industry. Another stock from the same industry, Bausch + Lomb (BLCO - Free Report) , closed the last trading session 0.3% higher at $17.72. Over the past month, BLCO has returned -6%.
For Bausch + Lomb, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.17. This represents a change of -45.2% from what the company reported a year ago. Bausch + Lomb currently has a Zacks Rank of #3 (Hold).