Markets

Can Skilled Healthcare (SKH) Run Higher on Strong Earnings Estimate Revisions? - Tale of the Tape

Skilled Healthcare Group, Inc. ( SKH ) is a healthcare services provider 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 SKH' 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 Skilled Healthcare could be a solid choice for investors.

Current Quarter Estimates for SKH

In the past 30 days, the estimate trend for Skilled Healthcare has been pretty favorable, with estimates increasing from 8 cents a share 30 days ago, to 14 cents today, a move of 75%.

Current Year Estimates for SKH

Meanwhile, Skilled Healthcare's current year consensus estimate trend has also seen a boost for this time frame, increasing from 29 cents per share 30 days ago to 41 cents per share today, an increase of 41.4%.

Bottom Line

The stock has also started to move higher lately, adding 10.4% 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 #1 (Strong Buy) stock to profit in the near future.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

SKILLED HLTHCR (SKH): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

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


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