Isle of Capri Casinos, Inc. ISLE saw a big move last session, as the company’s shares fell by over 15% 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 ISLE, as the stock is now down almost 20% in the past one-month time frame.
On Dec 2, 2015, the company announced second-quarter fiscal 2016 results, where revenue missed the Zacks Consensus Estimate.
The gaming stock has seen a flat 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.
ISLE currently has a Zacks Rank #3 (Hold).
Investors interested in the gaming industry may consider better-ranked stock like Boyd Gaming Corporation BYD, which carries a Zacks Rank #1 (Strong Buy).
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