Teladoc (TDOC) Sees a More Significant Dip Than Broader Market: Some Facts to Know

In the latest close session, Teladoc (TDOC) was down 1.09% at $5.42. The stock's performance was behind the S&P 500's daily loss of 0.37%. Elsewhere, the Dow saw a downswing of 0.18%, while the tech-heavy Nasdaq depreciated by 0.84%.

The telehealth services provider's stock has climbed by 20.17% in the past month, exceeding the Medical sector's loss of 8.47% and the S&P 500's loss of 3.7%.

Investors will be eagerly watching for the performance of Teladoc in its upcoming earnings disclosure. The company is predicted to post an EPS of -$0.3, indicating a 57.89% decline compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $612.3 million, indicating a 2.71% decline compared to the corresponding quarter of the prior year.

TDOC's full-year Zacks Consensus Estimates are calling for earnings of -$0.86 per share and revenue of $2.51 billion. These results would represent year-over-year changes of +24.56% and -0.81%, respectively.

Investors should also take note of any recent adjustments to analyst estimates for Teladoc. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 4.99% upward. Teladoc currently has a Zacks Rank of #3 (Hold).

The Medical Services industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 94, which puts it in the top 39% of all 250+ industries.

The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.

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Teladoc Health, Inc. (TDOC): Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

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