Why BioTelemetry (BEAT) Could Be Positioned for a Surge? - Tale of the Tape
March 06 2014 - 9:00AM
Zacks
BioTelemetry, Inc.
(BEAT) is a cardiac monitoring services 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 BEAT’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 BioTelemetry could be a solid choice for
investors.
Current Quarter Estimates for BEAT
In the past 30 days, 1 estimate has gone higher for BioTelemetry
compared to no downward revision in the same time period. The trend
has been pretty favorable too, with estimates narrowing from a loss
of 4 cents a share 30 days ago, to a loss of 3 cents today, a
significant move.
Current Year Estimates for BEAT
Meanwhile, BioTelemetry’s current year figures are also looking
quite promising, with 1 estimate moving higher in the past month,
compared to no downward revision. The consensus estimate trend has
also seen a boost for this time frame, narrowing from loss of 4
cents per share 30 days ago to a loss of 2 cents per share today, a
significant move.
Bottom Line
The stock has also started to move higher lately, adding 26.6% 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 #3 (Hold) stock to profit in the near
future.
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