ITT Educational Services Inc. (ESI) saw a big move last session, as the company’s shares fell by nearly 21% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $24.78 to $27.92 in the past one-month time frame.
ITT Educational Services has seen a mixed track record when it comes to current year estimate revisions over the past few weeks (no increase, no decrease), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.
ESI currently has a Zacks Rank #5 (Strong Sell).
Some better-ranked stocks in the same sector include Lincoln Educational Services Corporation (LINC), DeVry Education Group Inc. (DV) and Grand Canyon Education, Inc. (LOPE). While Lincoln Educational Services holds a Zacks Rank #1 (Strong Buy), DeVry Education Group and Grand Canyon Education hold a Zacks Rank #2 (Buy).
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