RMD News: What Makes ResMed (RMD) a New Strong Buy Stock - 17th May 2024, 2:00am

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Investors might want to bet on ResMed (RMD), as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.

The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.

The p...

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