Teladoc (TDOC) Surges 8.8%: Is This an Indication of Further Gains?

Teladoc (TDOC) shares rallied 8.8% in the last trading session to close at $11.97. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 12.5% gain over the past four weeks.Teladoc Health rallied for the third consecutive day, fueled by optimism around its Catapult Health acquisition and later bolstered by Citron Research’s endorsement, calling it an "Under-the-Radar AI Play." The company remains focused on strategic tech investments, particularly in AI, to drive profitability.This telehealth services provider is expected to post quarterly loss of $0.21 per share in its upcoming report, which represents a year-over-year change of -23.5%. Revenues are expected to be $639.5 million, down 3.2% from the year-ago quarter.Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.For Teladoc, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on TDOC going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Teladoc is part of the Zacks Medical Services industry. Sonida Senior Living (SNDA), another stock in the same industry, closed the last trading session 2.6% lower at $24.35. SNDA has returned 17.2% in the past month.For Sonida Senior Living, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.71. This represents a change of +67.3% from what the company reported a year ago. Sonida Senior Living currently has a Zacks Rank of #3 (Hold).Free Today: Profiting from The Future’s Brightest Energy SourceThe demand for electricity is growing exponentially. At the same time, we’re working to reduce our dependence on fossil fuels like oil and natural gas. Nuclear energy is an ideal replacement.Leaders from the US and 21 other countries recently committed to TRIPLING the world’s nuclear energy capacities. This aggressive transition could mean tremendous profits for nuclear-related stocks – and investors who get in on the action early enough.Our urgent report, Atomic Opportunity: Nuclear Energy's Comeback, explores the key players and technologies driving this opportunity, including 3 standout stocks poised to benefit the most.Download Atomic Opportunity: Nuclear Energy's Comeback free today.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 Report Sonida Senior Living, Inc. (SNDA): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks