Teladoc Stock Outperforms Broader Market but Continues Recent Slide Ahead of Q2 Earnings
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Teladoc (TDOC) stock closed 1.32% higher on the latest trading day, outpacing the S&P 500, Dow, and Nasdaq.
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The stock has lagged the market over the past month, falling 28.3% compared to a 2-3% gain for the broader market.
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Teladoc is expected to report a 24.32% drop in EPS along with a small 1.23% revenue increase in its next quarterly earnings release.
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Full-year consensus estimates call for a 16.42% jump in EPS and 2.22% revenue growth. Recent estimate revisions have been positive.
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Teladoc currently has a Zacks Rank #3 (Hold). The Medical Services industry ranks in the top 29% out of over 250 industries.