Teladoc (TDOC) closed at $8.49 in the latest trading session, marking a +1.19% move from the prior day. The stock outpaced the S&P 500's daily gain of 1.08%. At the same time, the Dow added 0.92%, and the tech-heavy Nasdaq gained 1.41%.

Coming into today, shares of the telehealth services provider had lost 36% in the past month. In that same time, the Medical sector gained 0.21%, while the S&P 500 lost 8.26%.

Market participants will be closely following the financial results of Teladoc in its upcoming release. On that day, Teladoc is projected to report earnings of -$0.33 per share, which would represent year-over-year growth of 32.65%. Meanwhile, the latest consensus estimate predicts the revenue to be $618.17 million, indicating a 4.33% decrease compared to the same quarter of the previous year.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.91 per share and a revenue of $2.51 billion, representing changes of +84.5% and -2.19%, respectively, from the prior year.

Investors should also take note of any recent adjustments to analyst estimates for Teladoc. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. The Zacks Consensus EPS estimate has moved 7.92% higher within the past month. Teladoc is currently sporting a Zacks Rank of #3 (Hold).

The Medical Services industry is part of the Medical sector. With its current Zacks Industry Rank of 71, this industry ranks in the top 29% of all industries, numbering over 250.

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.

Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.

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Teladoc Health, Inc. (TDOC) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

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