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Tale of the Tape

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Why Health Insurance (HIIQ) Could Be Positioned for a Surge
November 17, 2016

HIIQ

Trades from $3

Health Insurance Innovations, Inc. (HIIQ - Free Report) a leading developer and administrator of web-based individual health insurance plans and ancillary products, 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 HIIQ’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 Health Insurance Innovations could be a solid choice for investors.

Current Quarter Estimates for HIIQ

In the past 30 days, 2 estimates have gone higher for Health Insurance Innovations while no estimates have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 9 cents a share 30 days ago, to 12 cents today, a move of 33.3%.

Current Year Estimates for HIIQ

Meanwhile, Health Insurance Innovations’s current year figures are also looking quite promising, with 2 estimates moving higher in the past month, compared to no lower estimates. The consensus estimate trend has also seen a boost for this time frame, increasing from 64 cents per share 30 days ago to 92 cents per share today, an increase of 43.8%.

HEALTH INS INN Price and Consensus

 

HEALTH INS INN Price and Consensus | HEALTH INS INN Quote

Bottom Line

The stock has also started to move higher lately, adding 49.2% 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 #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.

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