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Why OPKO Health (OPK) Could Be Positioned for a Surge

Zacks Equity Research

OPKO Health, Inc. OPK is a diversified healthcare company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on OPK’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that OPKO Health could be a solid choice for investors.

Current Quarter Estimates for OPK

In the past 30 days, one estimate has gone higher for OPKO Health while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 9 cents a share 30 days ago, to a loss of 8 cents today, an increase of 11.1%.

Current Year Estimates for OPK

Meanwhile, OPKO Health’s current year figures are also looking quite promising, with three estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 36 cents per share 30 days ago to a loss of 33 cents per share today, an increase of 8.3%.

OPKO Health, Inc. Price and Consensus

OPKO Health, Inc. Price and Consensus

OPKO Health, Inc. price-consensus-chart | OPKO Health, Inc. Quote

Bottom Line

The stock has also started to move higher lately, adding 56% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #2 (Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1(Strong Buy) Rank stocks here.

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