Raven Industries Slumps: RAVN Falls 6.5% in Session – Tale of the Tape

On Mar 11, Raven Industries reported its financial results for the fourth quarter fiscal 2015. The company’s earnings per share of 11 cents were below the market consensus.

This diversified machinery 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.

RAVN currently has a Zacks Rank #4 (Sell).

A better-ranked stock in the same sector is Danaher Corp. (DHR), holding a Zacks Rank #2 (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 >>