This slump shouldn’t be too much of a surprise to investors, as the Consumer Products provider has seen 1 negative revision in the past few weeks and its current year earnings consensus has 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.
TUMI currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative
Some better-ranked stocks in the Consumer Staples sector include Aramark (ARMK), Carriage Services Inc. (CSV) and Fresh Del Monte Produce Inc. (FDP). All three stocks carry a Zacks Rank #1 (Strong Buy).
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