Tabula Rasa Healthcare, Inc. TRHC is a provider of patient-specific, data-driven technology and healthcare solutions 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 TRHC’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 Tabula Rasa could be a solid choice for investors.
Current Quarter Estimates for TRHC
In the past 30 days, 2 estimates have gone higher for Tabula Rasawhile none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 8 cents a share 30 days ago, to 11 cents per share today, a move of 37.5%.
Current Year Estimates for TRHC
Meanwhile, Tabula Rasa’s current year figures are also looking quite promising, with 3 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 7 cents per share 30 days ago to 22 cents per share today, an increase of 214.3%.
Bottom Line
The stock has also started to move higher lately, adding 10.3% 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 #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
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