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Why Livongo (LVGO) Could Be Positioned for a Surge

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Livongo Health, Inc. (LVGO - Free Report) is a leading solutions provider for the healthcare industry 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 LVGO’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 Livongo could be a solid choice for investors.

Current Quarter Estimates for LVGO

In the past 30 days, four estimates have gone higher for Livongo while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 7 cents a share 30 days ago, to loss of 2 cents today, an increase of 71.4%.

Current Year Estimates for LVGO

Meanwhile, Livongo’s current year figures are also looking quite promising, with four estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 28 cents per share 30 days ago to a loss of 14 cents per share today, an increase of 50%.

Bottom Line

The stock has also started to move higher lately, adding 58.8% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may 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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