The medical instruments supplier has seen a flat track record when it comes to current year estimate revisions over the past few weeks, and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
ELGX currently has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the same sector include The Cooper Companies Inc. (COO), AmerisourceBergen Corporation (ABC) and Laboratory Corp. of America Holdings (LH). Cooper Companies sports a Zacks Rank #1 (Strong Buy), while AmerisourceBergen and Laboratory Corp. of America hold a Zacks Rank #2 (Buy).
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