This slump shouldn’t be too much of a surprise to investors, as the retail wholesale computer company has seen 6 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.
IM currently has a Zacks Rank #4 (Sell).
A better-ranked stock in the broader retail wholesale sector is Dave & Buster's Entertainment, Inc. (PLAY), which currently carries a Zacks Rank #1 (Strong Buy).
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