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The Oncology Institute (TOI) Soars 5.3%: Is Further Upside Left in the Stock?
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The Oncology Institute, Inc. shares ended the last trading session 5.3% higher at $5.39. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 8.7% gain over the past four weeks.
The Oncology Institute gained with the move, appearing to reflect continued momentum following recent positive investor sentiment annd upward estimate revisions.
This company is expected to post quarterly loss of $0.07 per share in its upcoming report, which represents a year-over-year change of +50%. Revenues are expected to be $156.15 million, up 30.3% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For The Oncology Institute, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on TOI going forward to see if this recent jump can turn into more strength down the road.
The Oncology Institute is part of the Zacks Medical Services industry. Concentra Group (CON - Free Report) , another stock in the same industry, closed the last trading session 1.9% higher at $30.18. CON has returned 16.8% in the past month.
Concentra's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.43. Compared to the company's year-ago EPS, this represents a change of +16.2%. Concentra currently boasts a Zacks Rank of #2 (Buy).
View the Zacks #1 Rank List
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The Oncology Institute (TOI) Soars 5.3%: Is Further Upside Left in the Stock?
The Oncology Institute, Inc. shares ended the last trading session 5.3% higher at $5.39. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 8.7% gain over the past four weeks.
The Oncology Institute gained with the move, appearing to reflect continued momentum following recent positive investor sentiment annd upward estimate revisions.
This company is expected to post quarterly loss of $0.07 per share in its upcoming report, which represents a year-over-year change of +50%. Revenues are expected to be $156.15 million, up 30.3% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For The Oncology Institute, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on TOI going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
The Oncology Institute is part of the Zacks Medical Services industry. Concentra Group (CON - Free Report) , another stock in the same industry, closed the last trading session 1.9% higher at $30.18. CON has returned 16.8% in the past month.
Concentra's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.43. Compared to the company's year-ago EPS, this represents a change of +16.2%. Concentra currently boasts a Zacks Rank of #2 (Buy).