Flowers Foods, Inc. (FLO) 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 FLO, as the stock is now down nearly 8% since May 20.
This bakery products manufacturer has seen a flat track record when it comes to current year estimate revisions, as there has been no revision on either side over the past few weeks. The consensus for earnings estimate 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.
FLO currently has a Zacks Rank #3 (Hold).
A better-ranked stock in the same industry is B&G Foods Inc. (BGS), which currently carries a Zacks Rank #1 (Strong Buy).
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