ENDURANCE SPLTY (ENH) - Profit Tracks

Loading...
Loading...
Since inception in 1988, the S&P 500 has outperformed the Zacks #5 Rank List - Stocks to Sell Now by 80% annually (+2% versus +10%). While the rest of Wall Street continued to tout stocks during the market declines of the last few years, Zacks told investors which stocks to sell or avoid.

Here is a synopsis of why SAFT and ENH have a Zacks Rank of #5 (Strong Sell) and should most likely be sold or avoided for the next one to three months. Note that a #5 Strong Sell rating is applied to 5% of all the stocks in the Zacks Rank universe:

Safety Insurance Group, Inc. (SAFT ) announced first -quarter loss of 23 cents per share on May 4 that missed analysts? expectations by 133%. This apart the earnings also missed the previous year?s results by 69%. The Zacks Consensus Estimate for the current year slipped 35 cents to $3.02 per share in the last 60 days. Next year?s estimate dipped a couple of cents to $3.29 per share in that time span. Endurance Specialty Holdings Ltd. (ENH) posted a first-quarter loss of $2.42 per share on May 2, which came in 18 cents wider than the average forecast. The diluted earnings per share fell 147% to a loss of $2.25 on March 2011 as compared to results of March 2010. The Zacks Consensus Estimate for the full year fell $1.17 per share to a profit of 49 cents per share over the past month reflecting cuts by all the 7 covering analysts. For 2012, analysts expect a profit of $5.00 per share, compared to projections of a profit of $5.03 per share in a span of 7 days. China Shengda Packaging Group Inc.?s (CPGI ) first-quarter earnings of 9 cents per share, posted on May 13, lagged analysts? projections by nearly 36%. For 2011, the Zacks Consensus Estimate moved down 26 cents to a profit of 32 cents per share in the last 30 days as both the covering analysts cut back on forecasts. Estimate for next year slid 37 cents to a profit of 41 cents per share during the same time span. MAKO Surgical Corp. (MAKO ) reported a first-quarter loss of 27 cents per share on May 3, that fell 12% short of the Zacks Consensus Estimate. The full-year average forecast is currently pegged at a loss of 83 cents per share, compared to projections of a loss of 81 cents per share made 30 days back. Next year?s forecast dropped 1 cent to a loss of 33 cents per share in the same period.
 
CHINA SHENGDA (CPGI): Free Stock Analysis Report
 
ENDURANCE SPLTY (ENH): Free Stock Analysis Report
 
SAFETY INS GRP (SAFT): Free Stock Analysis Report
 
Zacks Investment Research

Here is a synopsis of why CPGI and MAKO have a Zacks Rank of 4 (Sell) and should also most likely be sold or avoided for the next one to three months. Note that a #4 Sell rating is applied to 15% of all the stocks ranked by Zacks;

Loading...
Loading...
Market News and Data brought to you by Benzinga APIs
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!

Loading...