Can Adeptus Health (ADPT) Run Higher on Strong Earnings Estimate Revisions? - Tale of the Tape
Adeptus Health Inc. (ADPT) is an operator of a network of emergency rooms that 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 ADPT’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 Adeptus Health could be a solid choice for investors.
Current Quarter Estimates for ADPT
In the past 30 days, the earnings estimates revision trend has been pretty favorable, with estimates increasing from 17 cents a share 30 days ago, to 31 cents today, a move of 82.4%.
Current Year Estimates for ADPT
Meanwhile Adeptus Health’s current year figures are also looking quite promising. The consensus estimate trend has seen a boost for this time frame, increasing from 56 cents per share 30 days ago to $1.31 per share today, an increase of 133.9%.
Bottom Line
The stock has also started to move higher lately, adding 22.3% 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 #2 (Buy) stock to profit in the near future.
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ADEPTUS HEALTH (ADPT): Free Stock Analysis Report
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