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Earnings Estimates Moving Higher for Nobilis Health (HLTH): Time to Buy?

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Nobilis Health Corp. (HLTH - Free Report) is owns and manages ambulatory and acute care facilities for healthcare services 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 HLTH’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 Nobilis Health could be a solid choice for investors.

Current Quarter Estimates for HLTH

In the past 30 days, one estimate have gone higher for Nobilis Health while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from a loss of 1 penny a share 30 days ago, to earnings of 1 penny today.

Current Year Estimates for HLTH

Meanwhile Nobilis Health’s current year figures are also looking quite promising, with one estimate 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 4 cents per share 30 days ago to 14 cents per share today, a significant increase.

Bottom Line

The stock has also started to move higher lately, adding 22.7% 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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