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Investors are always looking for stocks that are poised to beat at earnings season and Teladoc, Inc. (TDOC - Free Report) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.
That is because Teladoc is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings—with the most up-to-date information possible—is a pretty good indicator of some favorable trends underneath the surface for TDOC in this report.
In fact, the Most Accurate Estimate for the current quarter is currently at a loss of 34 cents per share for TDOC, compared to a broader Zacks Consensus Estimate of a loss of 35 cenrs per share. This suggests that analysts have very recently bumped up their estimates for TDOC, giving the stock a Zacks Earnings ESP of 2.86% heading into earnings season.
A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10 year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here).
Clearly, recent earnings estimate revisions suggest that good things are ahead for Teladoc, and that a beat might be in the cards for the upcoming report.
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Should You Sell Teladoc (TDOC) Before Earnings?
Investors are always looking for stocks that are poised to beat at earnings season and Teladoc, Inc. (TDOC - Free Report) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.
That is because Teladoc is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings—with the most up-to-date information possible—is a pretty good indicator of some favorable trends underneath the surface for TDOC in this report.
In fact, the Most Accurate Estimate for the current quarter is currently at a loss of 34 cents per share for TDOC, compared to a broader Zacks Consensus Estimate of a loss of 35 cenrs per share. This suggests that analysts have very recently bumped up their estimates for TDOC, giving the stock a Zacks Earnings ESP of 2.86% heading into earnings season.
Teladoc, Inc. Price and EPS Surprise
Teladoc, Inc. Price and EPS Surprise | Teladoc, Inc. Quote
Why is this Important?
A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10 year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here).
Given that TDOC has a Zacks Rank #3 (Hold) and an ESP in positive territory, investors might want to consider this stock ahead of earnings. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Clearly, recent earnings estimate revisions suggest that good things are ahead for Teladoc, and that a beat might be in the cards for the upcoming report.
A Full-Blown Technological Breakthrough in the Making
Zacks’ Aggressive Growth Strategist Brian Bolan explores autonomous cars in our latest Special Report, Driverless Cars: Your Roadmap to Mega-Profits Today. In addition to who will be selling them and how the auto industry will be impacted, Brian reveals 8 stocks with tremendous gain potential to feed off this phenomenon. Click to see the stocks right now >>