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Teladoc (TDOC) Outpaces Stock Market Gains: What You Should Know

Zacks Equity Research

Teladoc (TDOC) closed at $104.75 in the latest trading session, marking a +1.23% move from the prior day. This change outpaced the S&P 500's 0.31% gain on the day. At the same time, the Dow added 0.44%, and the tech-heavy Nasdaq gained 0.26%.

Prior to today's trading, shares of the telehealth services provider had gained 23.6% over the past month. This has outpaced the Medical sector's loss of 1.25% and the S&P 500's gain of 1.18% in that time.

TDOC will be looking to display strength as it nears its next earnings release. In that report, analysts expect TDOC to post earnings of -$0.32 per share. This would mark year-over-year growth of 8.57%. Our most recent consensus estimate is calling for quarterly revenue of $153.79 million, up 25.29% from the year-ago period.

Investors should also note any recent changes to analyst estimates for TDOC. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 2.35% lower. TDOC currently has a Zacks Rank of #3 (Hold).

The Medical Services industry is part of the Medical sector. This group has a Zacks Industry Rank of 73, putting it in the top 29% 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.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.


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