Increased Earnings Estimates Seen for Tactile Systems (TCMD): Can It Move Higher?
Tactile Systems Technology, Inc. TCMD is a medical technology company 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 TCMD’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 Tactile Systems could be a solid choice for investors.
Current Quarter Estimates for TCMD
In the past 30 days, one estimate has gone higher for Tactile Systems while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 12 cents a share 30 days ago, to 13 cents today, a move of 8.3%.
Current Year Estimates for TCMD
Meanwhile, Tactile Systems 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 31 cents per share 30 days ago to 34 cents per share today, an increase of 9.7%.
Tactile Systems Technology, Inc. Price and Consensus
Tactile Systems Technology, Inc. Price and Consensus | Tactile Systems Technology, Inc. Quote
Bottom Line
The stock has also started to move higher lately, adding 10.4% 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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Tactile Systems Technology, Inc. (TCMD) : Free Stock Analysis Report
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