Lions Gate Entertainment Corp. (LGF) saw a big move last session, as the company’s shares fell over 5% 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 trend for LGF, as the stock is now up nearly 10% in the past one-month time frame.
The entertainment company has seen a mixed track record when it comes to current year estimate revisions over the past few weeks (3 increases, 1 decrease), while the consensus for earnings has moved higher over the last 30 days. 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.
LGF currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Some better-ranked stocks in the Consumer Discretionary sector include Columbia Sportswear Company (COLM), Black Diamond, Inc. (BDE) and LIN Media LLC (LIN). All these stocks hold a Zacks Rank #1 (Strong Buy).
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