Monsanto Company (MON) saw a big move last session, as the company’s shares fell by nearly 6% 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 MON, as the stock is now nearly 10% in the past one-month time frame.
On Jun 24, 2015, Monsanto Company reported third quarter fiscal 2015 results, wherein reported sales of $4.6 billion fell short of the Zacks Consensus Estimate.
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.
MON currently has a Zacks Rank #3 (Hold).
Investors interested in the Basic Materials may consider better-ranked stock like Alamos Gold Inc. (AGI) which carries a Zacks Rank #2 (Buy).
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