The ADT Corporation (ADT) saw a big move last session, as the company’s shares fell nearly 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent trend for ADT, as the stock is now down over 10% since Nov 25.
The company, a provider of monitored security, interactive home and business automation, and related monitoring services, has seen a mixed track record when it comes to current year estimate revisions over the past few weeks (2 increases, 1 decrease), while the consensus for earnings has moved lower 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.
ADT currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the Business Services sector include HNI Corp. (HNI), MAXIMUS, Inc. (MMS) and ServiceMaster Global Holdings, Inc. (SERV), each holding a Zacks Rank #1 (Strong Buy).
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