Teladoc (TDOC) Stock Sinks As Market Gains: What You Should Know

Teladoc (TDOC) closed at $5.37 in the latest trading session, marking a -1.47% move from the prior day. This change lagged the S&P 500's daily gain of 0.54%. At the same time, the Dow added 1.05%, and the tech-heavy Nasdaq gained 0.56%. Shares of the telehealth services provider witnessed a loss of 22.7% over the previous month, trailing the performance of the Medical sector with its loss of 1.89%, and the S&P 500's gain of 0.74%.The upcoming earnings release of Teladoc will be of great interest to investors. The company is expected to report EPS of -$0.19, up 32.14% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $633.91 million, down 1.03% from the prior-year quarter. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$1.19 per share and revenue of $2.52 billion, indicating changes of +79.73% and 0%, respectively, compared to the previous year. It's also important for investors to be aware of any recent modifications to analyst estimates for Teladoc. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability. Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system. The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.07% downward. Teladoc is currently a Zacks Rank #3 (Hold). The Medical Services industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 181, which puts it in the bottom 27% of all 250+ industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions. #1 Semiconductor Stock to Buy (Not NVDA)The incredible demand for data is fueling the market's next digital gold rush. As data centers continue to be built and constantly upgraded, the companies that provide the hardware for these behemoths will become the NVIDIAs of tomorrow.One under-the-radar chipmaker is uniquely positioned to take advantage of the next growth stage of this market. It specializes in semiconductor products that titans like NVIDIA don't build. It's just beginning to enter the spotlight, which is exactly where you want to be.See This Stock Now for Free >>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 Teladoc Health, Inc. (TDOC): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks