Although this slump was obviously disappointing, the marketplace and transaction solutions 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 ASPS. 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.
ASPS currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.
A better-ranked stock in the same sector is Colony Financial, Inc. (CLNY), which currently carries a Zacks Rank #1 (Strong Buy).
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