Elizabeth Arden, Inc. (RDEN) saw a big move last session, as the company’s shares fell by over 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 RDEN as the stock is now down 30% in the past one-month time frame.
This slump shouldn’t be too much of a surprise to investors, as the cosmetics company has seen 5 negative revisions in the past few weeks and 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.
RDEN currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the consumer staples space include Constellation Brands Inc. (STZ), The Hillshire Brands Company (HSH) and The Est (EL). While Constellation Brands carries a Zacks Rank #1 (Strong Buy), Hillshire Brands and The Est hold 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 >>
To read this article on Zacks.com click here.
Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.
Be the first to comment