This slump shouldn’t be too much of a surprise to investors, as Metal Fabrication company has seen 2 negative revisions 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.
CSTM currently has a Zacks Rank #4 (Sell).
Some better-ranked stocks in the Metal Fabrication industry include Worthington Industries, Inc. (WOR), Century Aluminum Co. (CENX) and Norsk Hydro ASA (NHYDY). While Worthington Industries holds a Zacks Rank #1(Strong Buy), Century Aluminum and Norsk Hydro carry a Zacks Rank #2 (Buy).
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