IHS Inc. (IHS) saw a big move last session, as the company’s shares fell by over 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. The stock had gained 6.5% till Mar 20, but since then the stock has been trending down.
On Mar 14, IHS Inc. reported results for the first quarter ended Feb 28, 2015. Revenue came in at $546 million, which fell short of the Zacks Consensus Estimate of $553 million. The company also revised its guidance for the full year, assuming an unfavourable impact of foreign exchange rate.
The company has seen a flat track 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.
IHS currently has a Zacks Rank #3 (Hold).
A better-ranked stock in the Business Services sector is The ADT Corporation (ADT), which currently carries a Zacks Rank #2 (Buy).
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