Blount International (BLT) in Focus: Stock Plunges 19.5% – Tale of the Tape

On Mar 11, the company reported weaker-than-expected fourth-quarter results which prompted the price fall.

This slump shouldn’t be too much of a surprise to investors, as the manufacturing 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.

BLT currently has a Zacks Rank #4 (Sell).

A better-ranked stock in the Industrial Products sector is Abengoa SA (ABGB), holding a Zacks Rank #1 (Strong Buy).

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