Although this slump was obviously disappointing, the medical equipment provider has seen 1 positive revision and its current year earnings consensus has moved higher over the past few weeks. This suggests that the recent slump might be a temporary blip on the radar for CNMD. So make sure to keep an eye on this stock going forward to see if yesterday’s price decline is confirmed by more weakness, or if it can rebound in the weeks ahead.
CNMD currently has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the same sector include AmerisourceBergen Corporation (ABC), Bio-Reference Laboratories Inc. (BRLI) and The Cooper Companies Inc. (COO). All these stocks hold a Zacks Rank #2 (Buy).
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