Smith & Wesson Holding Corporation (SWHC) saw a big move last session, as the company’s shares fell by nearly 9% on Friday. The move came on pretty good volume too with far more shares changing hands than in a normal session. This stock, trading at a volatile range of $15.37–$17.14 in the past one-month time frame, showed a sharp decline Friday at $15.52.
Smith & Wesson has seen a mixed track record when it comes to current year estimate revisions over the past few weeks (1 increase, 1 decrease), 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 of this firm in the near future, and especially on earnings estimates following the recent slump.
SWHC currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the consumer discretionary sector include Electronic Arts Inc. (EA), Columbia Sportswear Company (COLM) and Malibu Boats, Inc. (MBUU). While Electronic Arts carries a Zacks Rank #1 (Strong Buy), both Columbia Sportswear and Malibu Boats 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 >>
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