KBR, Inc. (KBR) saw a big move last session, as the company’s shares fell by almost 9% 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 KBR, as the stock is now down over 10% since Feb 13, 2015.
On Feb 27, 2015, the company announced its fourth quarter 2014 results where both, top and bottom-lines declined year over year, reflecting charges related to its previously announced restructuring.
This slump shouldn’t be too much of a surprise to investors. Though this engineering, construction and services company has not seen negative revisions in the past few weeks, 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.
KBR currently has a Zacks Rank #5 (Strong Sell).
Investors interested in the same industry may consider better-ranked stock like VSE Corp. (VSEC), which carries a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Be the first to comment