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One such stock that you may want to consider dropping is HomeAway, Inc. (NASDAQ: AWAY), 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 AWAY.
A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen 5 estimates moving down in the past 30 days, compared with no upward revisions. This trend has caused the consensus estimate to trend lower, going from 41 cents a share a month ago to its current level of 28 cents.
Also, for the current quarter, HomeAway has seen 3 downward estimate revisions versus no revision in the opposite direction, dragging the consensus estimate down to 5 cents a share from 8 cents over the past 30 days.
The stock also has seen some pretty dismal trading lately, as the share price has dropped 15.5% 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.
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