WebMD Health Corporation
(WBMD) has a famous web site and triple digit earnings growth to go along with it. This Zacks Rank #1 (Strong Buy) is expected to grow earnings by 205% in 2013.WebMD Health provides health information to consumers, physicians, healthcare professionals, employers and health plans through both public and private online portals and mobile platforms.Its websites include WebMD Health, Medscape, MedicineNet, eMedicineHealth, RxList, theheart.org, and Medscape Education.Reaffirmed Full Year Guidance in JulyIn July, when it reported second quarter results, WebMD reaffirmed its full year 2013 guidance. Full year revenue is expected to jump between 3% and 7% from 2012.The company is also expected to be profitable in 2013 with net income of $3 million to $11 million versus a loss of $20.3 million in 2012.Big Earnings Growth Ahead2012 was tough for WebMD as earnings plunged compared with previous years. But both 2013 and 2014 are looking up.Earnings are expected to rebound 205% in 2013 to $0.22 and another 88% to $0.41 in 2014.In the price and consensus chart, you can see the earnings plunge but then start to recover in 2013.1 estimate has been revised higher for both 2013 and 2014 in just the last week.WebMD Health is expected to report third quarter results on Oct 29.Shares Surged in 2013As the turnaround in earnings became apparent, investors stepped in. Shares have doubled in 2013.The stock isn't cheap, as it trades with a forward P/E of 134. But, investors are trading value for growth. That tradeoff has paid off, so far, in 2013 as the shares have soared.For investors looking for a play on the Internet and healthcare, WebMD Health is one they should keep on their radar.Want More of Our Best Recommendations? Zacks' Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Then each week he hand-selects the most compelling trades and serves them up to you in a new program called Zacks Confidential. Learn More>>Tracey Ryniec is the Value Stock Strategist for Zacks.com. She is also the Editor of the Turnaround Trader and Value Investor services. You can follow her on twitter at @TraceyRyniec.