H&E Equipment Services Inc. (HEES) saw a big move last session, as the company’s shares fell by nearly 7% 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 HEES, as the stock is now down over 18% since Jun 5.
The integrated equipment services 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.
HEES currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Investors interested in the Machine- Construction/Mining industry may consider better-ranked stock like Astec Industries, Inc. (ASTE), which carries a Zacks Rank #2 (Buy).
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