Weakness Seen in Chicago Bridge & Iron (CBI): Stock Tumbles 7.2% – Tale of the Tape

Zacks

Chicago Bridge & Iron Company N.V. (CBI) saw a big move last session, as the company’s shares fell over 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the most recent downtrend for CBI, as the stock is down nearly 19% since Jun 9.

This Construction company has seen a flat track record when it comes to current year estimate revisions, as there has been no revision on either side over the past few weeks. The consensus for earnings estimate hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

CBI currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the Building and Heavy Construction industry include EMCOR Group Inc. (EME), Primoris Services Corporation (PRIM) and Sterling Construction Co. Inc. (STRL). All these stocks carry a Zacks rank #2 (Buy).

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