TimkenSteel Corporation (TMST) saw a big move last session, as the company’s shares fell by nearly 6% 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 downtrend for TMST, as the stock is now down 11% since Jan 2.
This slump shouldn’t be too much of a surprise to investors, as the steel producing 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.
TMST currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.
A better-ranked stock in the same sector is LB Foster Co. (FSTR), holding a Zacks Rank #2 (Buy).
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