KBR, Inc. (KBR) 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 reverses the recent uptrend for KBR, as the stock is up over 8% in the last one month.
This slump shouldn’t be too much of a surprise to investors, as the global engineering, construction and services company has seen 2 negative revisions in the past few weeks and its current year earnings consensus has also moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
KBR currently has a Zacks Rank #5 (Strong Sell).
Some better-ranked stocks in the Industrial Products sector include Harsco Corporation (HSC), EnerSys (ENS) and HollySys Automation Technologies, Ltd. (HOLI), each carrying a Zacks Rank #1 (Strong Buy).
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