Tactile Systems Technology, Inc. (TCMD - Free Report) belongs to the Medical Instruments space 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 TCMD’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 Tactile Systems could be a solid choice for investors.
Current Quarter Estimates for TCMD
In the past 30 days, 1 estimate has gone higher for Tactile Systems while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 4 cents a share 30 days ago, to a loss of 2 today, a move of 50%.
Current Year Estimates for TCMD
Meanwhile, Tactile Systems’s current year figures are also looking quite promising, with 2 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from a loss of 1 cent per share 30 days ago to an earnings of 5 cents per share today.
The stock has also started to move higher lately, adding 41% 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. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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