This manufacturer of medical equipment for the diagnosis, treatment and management of respiratory disorders has seen two negative estimate revisions in the last 7 days. The Zacks Consensus Estimate has also moved lower over the same period. This implies trouble down the road. So make sure to keep an eye on this stock going forward to see if Friday’s rally can last.
ResMed currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks worth considering in the medical products industry are ZELTIQ Aesthetics, Inc. (ZLTQ), ICU Medical, Inc. (ICUI) and Abaxis, Inc. (ABAX). While ZELTIQ sports a Zacks Rank #1 (Strong Buy), ICU Medical and Abaxis carry a Zacks Rank #2 (Buy).
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
To read this article on Zacks.com click here.
Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.
Be the first to comment