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Healthcare Services Group rises after Q4 forecast exceeds estimates

By Reuters News

** 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

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