Earnings Estimates Moving Higher for WebMD Health (WBMD): Time to Buy? - Tale of the Tape


WebMD Health Corp. ( WBMD ) is a provider of health information services 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 WBMD'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 WebMD Health could be a solid choice for investors.

Current Quarter Estimates for WBMD

In the past 30 days, 4 estimates have gone higher for WebMD Health while no estimates have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 17 cents a share 30 days ago, to 19 cents today, a move of 11.8%.

Current Year Estimates for WBMD

Meanwhile, WebMD Health's current year figures are also looking quite promising, with 4 estimates moving higher in the past month, compared to no downward revision . The consensus estimate trend has also seen a boost for this time frame, increasing from 72 cents per share 30 days ago to 86 cents per share today, an increase of 19.4%.

Bottom Line

The stock has also started to move higher lately, adding 5% 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 #2 (Buy) stock to profit in the near future.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ, Inc.

This article appears in: Investing , Earnings , Investing Ideas , Stocks

Referenced Stocks: WBMD



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