H&E Equipment Services (HEES) Crumbles: Stock Falls by 9% – Tale of the Tape

Zacks

H&E Equipment Services Inc. (HEES) saw a big move last session, as the company’s shares fell 9% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for HEES as the stock is now up around 40% in the past one-month time frame.

This slump shouldn’t be too much of a surprise to investors, as the integrated equipment services company has seen 1 negative revision 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.

HEES currently has a Zacks Rank #5 (Strong Sell).

A better-ranked stock in the same sector is Astec Industries, Inc. (ASTE), 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 >>

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.

Zacks Investment Research

Be the first to comment

Leave a Reply