Rexnord Corporation RXN saw a big move last session, as the company's shares fell about 4% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for RXN, as the stock is now down nearly 2% in the past one-month time frame.
This slump shouldn't be too much of a surprise to investors, as the renowned water management products manufacturer has seen has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
RXN currently has a Zacks Rank #4 (Sell).
Some better-ranked stocks in the same sector include EnerSys ENS, ESCO Technologies Inc. ESE and AO Smith Corp. AOS. All these carry a Zacks Rank #2 (Buy).
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
SMITH (AO) CORP AOS: Free Stock Analysis Report
ENERSYS INC ENS: Free Stock Analysis Report
ESCO TECH INC ESE: Free Stock Analysis Report
REXNORD CORP RXN: Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
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RXN currently has a Zacks Rank #4 (Sell).
Some better-ranked stocks in the same sector include EnerSys ENS, ESCO Technologies Inc. ESE and AO Smith Corp. AOS. All these carry a Zacks Rank #2 (Buy).
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
SMITH (AO) CORP AOS: Free Stock Analysis Report
ENERSYS INC ENS: Free Stock Analysis Report
ESCO TECH INC ESE: Free Stock Analysis Report
REXNORD CORP RXN: Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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