Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns. Selling off losers can be difficult, but if both the share price and estimates are falling, it could be time to get rid of the security before more losses hit your portfolio.
One such stock that you may want to consider dropping is Trulia, Inc. TRLA, which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #4 (Sell) further confirms weakness in TRLA.
A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen 4 estimates moving down in the past 30 days, with no upward revision. This trend has caused the consensus estimate to widen from a loss of $1.06 a share a month ago to its current level of a loss of $1.31 per share.
Also, for the current quarter, Trulia's has seen 4 downward estimate revisions versus no revision in the upside, the consensus estimate also widens to a loss of 38 cents a share from a loss of 32 cents over the past 30 days.
The stock also has seen some pretty dismal trading lately, as the share price has dropped 11.6% in the past month.
So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don't have a long time horizon to wait.
If you are still interested in the Computer and Technology sector, you may instead consider some better-ranked stocks including Bitauto Holdings Limited BITA, E-Commerce China Dangdang Inc. DANG and Asure Software, Inc. ASUR. While Bitauto and Dangdang carry a Zacks Rank #1 (Strong Buy), Asure Software holds a Zacks Rank #2 (Buy) and may be better selections at this time.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
ASURE SOFTWARE ASUR: Get Free Report
BITAUTO HOLDNGS BITA: Free Stock Analysis Report
E-COMMRC CH-ADR DANG: Free Stock Analysis Report
TRULIA INC TRLA: Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
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A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen 4 estimates moving down in the past 30 days, with no upward revision. This trend has caused the consensus estimate to widen from a loss of $1.06 a share a month ago to its current level of a loss of $1.31 per share.
Also, for the current quarter, Trulia's has seen 4 downward estimate revisions versus no revision in the upside, the consensus estimate also widens to a loss of 38 cents a share from a loss of 32 cents over the past 30 days.
The stock also has seen some pretty dismal trading lately, as the share price has dropped 11.6% in the past month.
So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don't have a long time horizon to wait.
If you are still interested in the Computer and Technology sector, you may instead consider some better-ranked stocks including Bitauto Holdings Limited BITA, E-Commerce China Dangdang Inc. DANG and Asure Software, Inc. ASUR. While Bitauto and Dangdang carry a Zacks Rank #1 (Strong Buy), Asure Software holds a Zacks Rank #2 (Buy) and may be better selections at this time.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
ASURE SOFTWARE ASUR: Get Free Report
BITAUTO HOLDNGS BITA: Free Stock Analysis Report
E-COMMRC CH-ADR DANG: Free Stock Analysis Report
TRULIA INC TRLA: Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
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