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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 Amyris, Inc. AMRS, 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 AMRS.
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 loss estimate to widen, going from a loss of 91 cents a share a month ago to its current level of loss of $1.23.
Also, for the current quarter, Amyris has seen 1 downward estimate revision versus no revision in the opposite direction, widening the consensus loss estimate to a loss of 20 cents a share from a loss of 8 cents over the past 30 days.
The stock also has seen some pretty dismal trading lately, as the share price has dropped 22.1% 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 biofuels sector, you may instead consider a better-ranked stock including GreenHunter Resources, Inc. GRH. Investors interested in the broader oil- energy sector can consider stocks like Alon USA Partners, LP ALDW and Cheniere Energy Partners LP. CQP. While Alon USA Partners and Cheniere Energy Partners hold a Zacks Rank #1 (Strong Buy), GreenHunter Resources holds Zacks Rank #2 (Buy) 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 Amyris, Inc. AMRS, 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 AMRS.
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 loss estimate to widen, going from a loss of 91 cents a share a month ago to its current level of loss of $1.23.
Also, for the current quarter, Amyris has seen 1 downward estimate revision versus no revision in the opposite direction, widening the consensus loss estimate to a loss of 20 cents a share from a loss of 8 cents over the past 30 days.
The stock also has seen some pretty dismal trading lately, as the share price has dropped 22.1% 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 biofuels sector, you may instead consider a better-ranked stock including GreenHunter Resources, Inc. GRH. Investors interested in the broader oil- energy sector can consider stocks like Alon USA Partners, LP ALDW and Cheniere Energy Partners LP. CQP. While Alon USA Partners and Cheniere Energy Partners hold a Zacks Rank #1 (Strong Buy), GreenHunter Resources holds Zacks Rank #2 (Buy) 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 reportAMYRIS INC AMRS: Free Stock Analysis Report
GREENHUNTER EGY GRH: Free Stock Analysis Report
CHENIERE ENERGY CQP: Free Stock Analysis Report
ALON USA PTNRS ALDW: Free Stock Analysis Report
To read this article on Zacks.com click here.
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