These positive earnings estimate revisions suggest that analysts are becoming more optimistic on ADPT’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 Adeptus Health could be a solid choice for investors.
Current Quarter Estimates for ADPT
In the past 30 days, 1 estimate has gone higher for Adeptus Health while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 4 cents a share 30 days ago, to 8 cents today, a move of 100.0%.
Current Year Estimates for ADPT
Meanwhile, Adeptus Health’s current year figures are also looking quite promising, with 3 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, narrowing from a loss of 30 cents per share 30 days ago to a loss of 24 cents per share today.
Bottom Line
The stock has also started to move higher lately, adding 18.0% 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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