Healthcare Services Group rises after Q4 forecast exceeds estimates

Healthcare Services

Wed 13:11

** Shares of healthcare outsourcing firm Healthcare Services Group HCSG.O up 2.9% at $21.8 premarket after Q3 results
** Stock is poised to open at a one-month high, if gains persist
** Co forecasts Q4 revenue of $535 mln to $545 mln, above analysts' estimates of $506.5 mln, according to data compiled by LSEG
** Reports Q3 EPS of 36 cents per share, above analysts' expectation of 23 cents per share
** Reports Q3 revenue of $479.60 mln, slightly below estimates of $480.81 mln 
** Stock has been trading below its 50-day moving average since early August
** The 50-day moving average is a closely-watched gauge of short- to mid-term momentum in a stock
** 4 of 7 brokerages rate the stock "buy" or higher, and 3 "hold"; their median PT is $26
** Up to last close, stock had risen 12.45% YTD

 (Reporting by Darshan Kumar in Bengaluru)
 ((darshan.kumar@thomsonreuters.com))