China Lodging Group, Limited (HTHT) saw a big move last session, as the company’s shares fell by nearly 12% 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 HTHT, as the stock is now down nearly 18% in the past one-month time frame.
On Mar 10, China Lodging Group reported fourth quarter 2014 results, where-in adjusted earnings per share plunged 20% on a year-over-year basis to 12 cents.
The company has seen a flat track record when it comes to current year estimate revisions over the past few weeks (0 increases, 0 decreases), and the consensus for earnings 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.
HTHT currently has a Zacks Rank #3 (Hold).
A better-ranked stock in the Consumer Discretionary sector is Civeo Corporation (CVEO), holding a Zacks Rank #2 (Buy).
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