Here is a synopsis of why KBW and TAC 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:
KBW, Inc.?s (KBW) third-quarter earnings of 15 cents per share, reported in the month of October declined 59% to $1.15 per diluted share on a year over year basis. This apart, earnings missed analysts? expectations by nearly 29%. For 2010, the Zacks Consensus Estimate moved down 8 cents to a profit of 99 cents per share over the past month. The following year?s average forecast dropped 9 cents to $1.68 per share in a span of two months.
TransAlta Corporation (TAC) posted a third-quarter profit of 17 cents per share on October 29, compared to the Zacks Consensus Estimate for a profit of 28 cents. The full-year average forecast dipped 14 cents to a profit of 94 cents per share over the past two months. Net and comparable earnings of TransAlta Corporation fell $0.17 to $0.17 per share or $38 million. The average forecast for 2011 fell 11 cents in a span of 60 days.
Here is a synopsis of whyB and OSTK 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;
Barnes Group Inc. (B)announced third-quarter earnings of 27 cents per share on October 29, which was a penny short of analysts? expectations. The Zacks Consensus Estimate for 2010 dipped 5 cents to 99 cents per share in the last couple of months as the covering analysts reduced forecasts. Estimate for next year now stands at $1.35 per share, which moved down 3 cents in 30 days.
Overstock.com, Inc. (OSTK)
reported its third-quarter results with a loss of 15 cents per
share in October while analysts anticipated a loss of a penny.
The Zacks Consensus Estimate for the full year declined 8 cents
to 40 cents per share over the one month, reflecting cuts by the
covering analysts. Next year?s projections also fell 8 cents to
48 cents per share in the same time period.
BARNES GRP (B): Free Stock Analysis Report
KBW INC (KBW): Free Stock Analysis Report
OVERSTOCK.COM (OSTK): Free Stock Analysis Report
TRANSALTA CORP (TAC): Free Stock Analysis Report
Zacks Investment Research
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.