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 Sungy Mobile Limited GOMO, 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 GOMO.
A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen 1 estimate moving down in the past 30 days, compared with no upward revision. This trend has caused the consensus estimate to trend lower, going from 81 cents a share a month ago to its current level of 55 cents.
Also, for the current quarter, Sungy Mobile has seen 1downward estimate revision versus no revision in the opposite direction, dragging the consensus estimate down to 13 cents a share from 19 cents over the past 30 days.
The stock also has seen some pretty dismal trading lately, as the share price has dropped 28.0% 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 Internet Software industry, you may instead consider some better-ranked stocks including Cvent, Inc. CVT, Support.com, Inc. SPRT and TeleCommunication Systems Inc. TSYS. All these stocks hold a Zacks Rank #1 (Strong 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 >>
One such stock that you may want to consider dropping is Sungy Mobile Limited GOMO, 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 GOMO.
A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen 1 estimate moving down in the past 30 days, compared with no upward revision. This trend has caused the consensus estimate to trend lower, going from 81 cents a share a month ago to its current level of 55 cents.
Also, for the current quarter, Sungy Mobile has seen 1downward estimate revision versus no revision in the opposite direction, dragging the consensus estimate down to 13 cents a share from 19 cents over the past 30 days.
The stock also has seen some pretty dismal trading lately, as the share price has dropped 28.0% 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 Internet Software industry, you may instead consider some better-ranked stocks including Cvent, Inc. CVT, Support.com, Inc. SPRT and TeleCommunication Systems Inc. TSYS. All these stocks hold a Zacks Rank #1 (Strong 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
SUNGY MOBILE GOMO: Get Free Report
CVENT INC CVT: Free Stock Analysis Report
SUPPORT.COM INC SPRT: Free Stock Analysis Report
TELECOMMUN SYS TSYS: Free Stock Analysis Report
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Zacks Investment Research
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