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Zacks Sell List Highlights: Standard Parking, Getty Realty, Owens-Illinois and The Marcus
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Chicago, IL – March 22, 2011 – Zacks.com releases details on a group of stocks that are currently members of the exclusive Zacks #5 Rank List – Stocks to Sell Now. These stocks are currently rated as a Zacks Rank #5 (Strong Sell): Standard Parking Corporation (STAN - Snapshot Report) and Getty Realty Corp. (GTY - Snapshot Report). Further, Zacks announced #4 Rankings (Sell) on two other widely held stocks: Owens-Illinois, Inc. (OI - Analyst Report) and The Marcus Corporation (MCS - Snapshot Report). To see the full Zacks #5 Rank List - Stocks to Sell Now visit: http://at.zacks.com/?id=92
Since inception in 1988, the S&P 500 has outperformed the Zacks #5 Rank List of Stocks to Sell Now by 80% annually (+2% vs. +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 STAN and GLRE 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:
Standard Parking Corporation (STAN - Snapshot Report) fourth-quarter earnings of 29 cents per share, reported on March 9, came in a penny short of analysts’ expectations. For 2011, the Zacks Consensus Estimate moved down 9 cents to a profit of $1.17 per share over the past month as 4 out of the 5 covering analysts cut back on projections.
Getty Realty Corp. (GTY - Snapshot Report) posted a fourth-quarter profit of 48 cents per share on Feb 15 in contrast to the Zacks Consensus Estimate for a profit of 50 cents. The full-year average forecast is pegged at a profit of $2.09 per share, which declined from $2.20 in the last 30 days. During that time, next year’s estimate slid 6 cents to $2.06 per share.
Here is a synopsis of why OI and MCS 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;
Owens-Illinois, Inc.’s (OI - Analyst Report) fourth-quarter earnings of 45 cents per share, announced on Jan 27, missed analysts’ expectations by 4%. Revenues for the fourth quarter fell by nearly 50%. The Zacks Consensus Estimate for 2011 dipped 18 cents to $2.87 per share over the past couple of months. The same period has seen a decline of 23 cents in the forecast for 2012, which now stands at $3.47 per share.
The Marcus Corporation (MCS) reported a third-quarter loss of 7 cents per share last on March 16 while analysts anticipated a profit of 5 cents. The Zacks Consensus Estimate for the current year fell 10 cents to a profit of 47 cents per share in the last 7 days as both the covering analysts pulled back on expectations. Estimate for next year is pegged at a profit of 62 cents per share, 5 cents lower than a week-ago projection.
Truly taking advantage of the Zacks Rank requires the understanding of how it works. The free special report; “Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions” is available to provide this insightful background. Download a free copy now to prosper in the years to come at http://at.zacks.com/?id=93
Since inception in 1988, the S&P 500 has outperformed the Zacks #5 Rank List of Stocks to Sell Now by 80% annually (+2% vs. +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 STAN and GLRE 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:
Standard Parking Corporation (STAN - Snapshot Report) fourth-quarter earnings of 29 cents per share, reported on March 9, came in a penny short of analysts’ expectations. For 2011, the Zacks Consensus Estimate moved down 9 cents to a profit of $1.17 per share over the past month as 4 out of the 5 covering analysts cut back on projections.
Getty Realty Corp. (GTY - Snapshot Report) posted a fourth-quarter profit of 48 cents per share on Feb 15 in contrast to the Zacks Consensus Estimate for a profit of 50 cents. The full-year average forecast is pegged at a profit of $2.09 per share, which declined from $2.20 in the last 30 days. During that time, next year’s estimate slid 6 cents to $2.06 per share.
Here is a synopsis of why OI and MCS 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;
Owens-Illinois, Inc.’s (OI - Analyst Report) fourth-quarter earnings of 45 cents per share, announced on Jan 27, missed analysts’ expectations by 4%. Revenues for the fourth quarter fell by nearly 50%. The Zacks Consensus Estimate for 2011 dipped 18 cents to $2.87 per share over the past couple of months. The same period has seen a decline of 23 cents in the forecast for 2012, which now stands at $3.47 per share.
The Marcus Corporation (MCS) reported a third-quarter loss of 7 cents per share last on March 16 while analysts anticipated a profit of 5 cents. The Zacks Consensus Estimate for the current year fell 10 cents to a profit of 47 cents per share in the last 7 days as both the covering analysts pulled back on expectations. Estimate for next year is pegged at a profit of 62 cents per share, 5 cents lower than a week-ago projection.
Truly taking advantage of the Zacks Rank requires the understanding of how it works. The free special report; “Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions” is available to provide this insightful background. Download a free copy now to prosper in the years to come at http://at.zacks.com/?id=93
About the Zacks Rank
Since 1988, the Zacks Rank has proven that "Earnings estimate revisions are the most powerful force impacting stock prices." Since inception in 1988, #1 Rank Stocks have generated an average annual return of +27%. During the 2000-2002 bear market, Zacks #1 Rank stocks gained +43.8%, while the S&P 500 tumbled -37.6%. Also note that the Zacks Rank system has just as many Strong Sell recommendations (Rank #5) as Strong Buy recommendations (Rank #1). Since 1988, Zacks Rank #5 stocks have significantly underperformed the S&P 500 (-0.9% versus +9%). Thus, the Zacks Rank system allows investors to truly manage portfolio trading effectively.
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Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=95
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Contact: Michael Vodicka
Company: Zacks.com
Phone: 312-265-9226
Email: pr@zacks.com
Company: Zacks.com
Phone: 312-265-9226
Email: pr@zacks.com
Visit: www.Zacks.com
Read the full analyst report on STAN
Read the full analyst report on GTY
Read the full analyst report on OI
Read the full analyst report on MCS
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