ACUITY BRANDS (AYI) – Profit Tracks
Since inception in 1988, the S&P 500 has outperformed the Zacks #5 Rank List - Stocks to Sell Now by 80% annually (+2% versus +10%). While the rest of Wall Street continued to tout stocks during the market declines of the last few years, Zacks told investors which stocks to sell or avoid.Here is a synopsis of why MOD and AYI have a Zacks Rank of #5 (Strong Sell) and should most likely be sold or avoided for the next one to three months. Note that a #5 Strong Sell rating is applied to 5% of all the stocks in the Zacks Rank universe:
Modine Manufacturing Co. (MOD) announced a fourth-quarter loss of 23 cents per share on June 3, which was 15 cents wider than the Zacks Consensus Estimate. The full-year average forecast widened a penny to a loss of 7 cents per share in the past week. The following year's estimate dropped by a cent to a profit of 84 cents per share in that time period.
Acuity Brands, Inc's (AYI) third-quarter earnings of 48 cents per share, reported on June 29, missed analysts? expectations by 14%. This apart, earnings marked an 11% year-over-year decrease. The Zacks Consensus Estimate for 2010 fell 5 cents to $2.03 per share in the last 7 days as 3 analysts out of 6 reduced forecasts. Next year's estimate dipped 8 cents to $2.55 per share during that time.
Here is a synopsis of why SONC and CETV have a Zacks Rank of 4 (Sell) and should also most likely be sold or avoided for the next one to three months. Note that a #4 Sell rating is applied to 15% of all the stocks ranked by Zacks;
Sonic Corp. (SONC) posted third-quarter earnings of 15 cents per share on June 21 while analysts expected 19 cents. The last month has seen downward revisions by all of the 16 covering analysts, bringing the Zacks Consensus Estimate for 2010 down by 6 cents to a profit of 50 cents per share. For 2011, forecast slipped 8 cents to 63 cents per share in the same period.
Central European Media Enterprises Ltd. (CETV) posted a first-quarter loss of 61 cents per share in May, which was far behind last year's earnings of 89 cents. The company's loss came in 28 cents wider than the Zacks Consensus Estimate. The average forecast for 2010 widened to a loss of 64 cents per share from 46 cents over the past week as one analyst out of 5 slashed expectations.
ACUITY BRANDS (AYI): Free Stock Analysis Report
CENTL EUR MEDIA (CETV): Free Stock Analysis Report
MODINE MANUFACT (MOD): Free Stock Analysis Report
SONIC CORP (SONC): Free Stock Analysis Report
Zacks Investment Research
Comments
Leave a Reply