Loading...
Loading...
One such stock that you may want to consider dropping is Francesca's Holdings Corporation FRAN, 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 #5 (Strong Sell) further confirms weakness in FRAN.
A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen 10 estimates moving down in the past 30 days, compared with no upward revision. This trend has caused the consensus estimate to trend lower, going from $1.22 a share a month ago to its current level of $1.09.
Also, for the current quarter, Francesca's Holdings has seen 10 downward estimate revisions versus no revision in the opposite direction, dragging the consensus estimate down to 27 cents a share from 36 cents over the past 30 days.
The stock also has seen some pretty dismal trading lately, as the share price has dropped 10.26% 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 Shoes & Apparel sector, you may instead consider some better-ranked stocks including Skechers USA SKX, Rocky Brands, Inc. RCKY and Carter's, Inc. CRI .While Skechers USA carries a Zacks Rank #1 (Strong Buy), Rocky Brands and Carter's carry 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.
FRANCESCAS HLDG FRAN: Free Stock Analysis Report
SKECHERS USA-A SKX: Free Stock Analysis Report
ROCKY BRANDS RCKY: Free Stock Analysis Report
CARTERS INC CRI: Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
Loading...
Loading...
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted In: Short IdeasTrading Ideas
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in