How BioTelemetry (BEAT) Stock Stands Out in a Strong Industry - Tale of the Tape
May 07 2014 - 8:55AM
Zacks
One
stock that might be an intriguing choice for investors right now is
BioTelemetry, Inc. (BEAT). This is because this
security in the medical services space is seeing solid earnings
estimate revision activity, and is in great company from a Zacks
Industry Rank perspective.
This is important because, often times, a rising tide will lift all
boats in an industry, as there can be broad trends taking place in
a segment that are boosting securities across the board. This is
arguably taking place in the medical services space as it currently
has a Zacks Industry Rank of 18 out of more than 250 industries,
suggesting it is well-positioned from this perspective, especially
when compared to other segments out there.
Meanwhile, BioTelemetry is actually looking pretty good on its own
too. The firm has seen solid earnings estimate revision activity
over the past month, suggesting analysts are becoming a bit more
bullish on the firm’s prospects in both the short and long
term.
In fact, over the past month, current quarter estimates have
narrowed from a loss of 3 cents per share to a loss of 2 cents per
share, while current year estimates have improved from a loss of 2
cents per share to earnings of 4 cents per share. This has helped
BEAT to earn a Zacks Rank #1 (Strong Buy), further underscoring the
company’s solid position.
So, if you are looking for a decent pick in a strong industry,
consider BioTelemetry. Not only is its industry currently in the
top third, but it is seeing solid estimate revisions as of late,
suggesting it could be a very interesting choice for investors
seeking a name in this great industry segment.
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