Below are the three companies in the Health Care Technology industry with the highest future earnings growth. The growth of earnings per share (next fiscal year estimated vs. current fiscal year estimated) is important to gauge future profitability and relative value. Higher EPS growth generally justifies higher earnings multiples.
Merge Healthcare (NASDAQ:MRGE) is highest with future earnings growth of 57.7%. Merge Healthcare Inc. provides medical imaging and information management software and services. The Company offers clinical and medical imaging software applications and development tools.
Potential upside of 70.5% exists for Merge Healthcare, based on a current level of $4.81 and analysts’ average consensus price target of $8.20. Merge Healthcare shares should first meet resistance at the 50-day moving average (MA) of $5.46 and find additional resistance at the 200-day MA of $5.51.
SXC Health Solutions (NASDAQ:SXCI) is next with future earnings growth of 38.7%.
Finishing up the top three is athenahealth (NASDAQ:ATHN), with future earnings growth of 31.9%.