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STOCKS SHED GAINS, TESLA SURGES DAY AFTER EARNINGS

Tesla shares jump after EV maker vows to speed up launch of more affordable models

Quidel (QDEL): Strong Industry, Solid Earnings Estimate Revisions

Zacks Equity Research
·2 min read

One stock that might be an intriguing choice for investors right now is Quidel Corporation QDEL. This is because this security in the Medical - Products space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Medical - Products space as it currently has a Zacks Industry Rank of 53 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, Quidel is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.

Quidel Corporation Price and Consensus

Quidel Corporation Price and Consensus
Quidel Corporation Price and Consensus

Quidel Corporation price-consensus-chart | Quidel Corporation Quote

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In fact, over the past month, current quarter estimates have risen from 39 cents per share to $1.08 per share, while current year estimates have risen from $3.06 per share to $6.86 per share. This has helped QDEL to earn a Zacks Rank #1 (Strong Buy), further underscoring the company’s solid position. You can see the complete list of today’s Zacks #1 Rank stocks here.

So, if you are looking for a decent pick in a strong industry, consider Quidel. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.

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Zacks Investment Research