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Teladoc (TDOC) Stock Moves -0.79%: What You Should Know
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Teladoc (TDOC - Free Report) closed at $72.83 in the latest trading session, marking a -0.79% move from the prior day. This change was narrower than the S&P 500's 1.9% loss on the day. Elsewhere, the Dow lost 1.43%, while the tech-heavy Nasdaq added 0.06%.
Prior to today's trading, shares of the telehealth services provider had lost 6.48% over the past month. This has lagged the Medical sector's loss of 3.27% and the S&P 500's loss of 3.39% in that time.
Investors will be hoping for strength from Teladoc as it approaches its next earnings release, which is expected to be February 22, 2022. On that day, Teladoc is projected to report earnings of -$0.59 per share, which would represent a year-over-year decline of 118.52%. Our most recent consensus estimate is calling for quarterly revenue of $547.22 million, up 42.76% from the year-ago period.
Any recent changes to analyst estimates for Teladoc should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 4.8% lower within the past month. Teladoc is currently a Zacks Rank #3 (Hold).
The Medical Services industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 160, which puts it in the bottom 38% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Teladoc (TDOC) Stock Moves -0.79%: What You Should Know
Teladoc (TDOC - Free Report) closed at $72.83 in the latest trading session, marking a -0.79% move from the prior day. This change was narrower than the S&P 500's 1.9% loss on the day. Elsewhere, the Dow lost 1.43%, while the tech-heavy Nasdaq added 0.06%.
Prior to today's trading, shares of the telehealth services provider had lost 6.48% over the past month. This has lagged the Medical sector's loss of 3.27% and the S&P 500's loss of 3.39% in that time.
Investors will be hoping for strength from Teladoc as it approaches its next earnings release, which is expected to be February 22, 2022. On that day, Teladoc is projected to report earnings of -$0.59 per share, which would represent a year-over-year decline of 118.52%. Our most recent consensus estimate is calling for quarterly revenue of $547.22 million, up 42.76% from the year-ago period.
Any recent changes to analyst estimates for Teladoc should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 4.8% lower within the past month. Teladoc is currently a Zacks Rank #3 (Hold).
The Medical Services industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 160, which puts it in the bottom 38% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.