This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $59.99 to $62.85 in the past one-month time frame.
On Feb 24, HEICO Corporation reported first-quarter fiscal 2015 earnings of 41 cents per share which was below the market expectations.
This aerospace and defense company has seen a flat track record when it comes to current year estimate revisions, as there has been no revision on either side over the past few weeks. The consensus for earnings estimate hasn’t been in a trend either. 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.
HEI currently has a Zacks Rank #4 (Sell).
A better-ranked stock in the same industry is Rockwell Collins Inc. (COL), which currently carries a Zacks Rank #2 (Buy).
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