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Falling Earnings Estimates Signal Weakness Ahead for Navigator (NVGS)
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Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns. Selling off losers can be difficult, but if both the share price and estimates are falling, it could be time to get rid of the security before more losses hit your portfolio.
One such stock that you may want to consider dropping is Navigator Holdings Ltd. (NVGS - Free Report) , which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #5 (Strong Sell) further confirms weakness in NVGS.
A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen 3 estimates moving down in the past 30 days, compared with just 1 upward revision. This trend has caused the consensus estimate to trend lower, going from $1.04 a share a month ago to its current level of 87 cents.
Also, for the current quarter, Navigator has seen 3 downward estimate revisions versus 1 revision in the opposite direction, dragging the consensus estimate down to 12 cents a share from 18 cents over the past 30 days.
The stock also has seen some pretty dismal trading lately, as the share price has dropped 27.7% in the past month.
So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don’t have a long time horizon to wait.
If you are still interested in the Transportation-Ship industry, you may instead consider a better-ranked stock - Aegean Marine Petroleum Network Inc. (ANW). The stock currently holds a Zacks Rank #1 (Strong Buy) and may be a better selection at this time.
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Falling Earnings Estimates Signal Weakness Ahead for Navigator (NVGS)
Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns. Selling off losers can be difficult, but if both the share price and estimates are falling, it could be time to get rid of the security before more losses hit your portfolio.
One such stock that you may want to consider dropping is Navigator Holdings Ltd. (NVGS - Free Report) , which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #5 (Strong Sell) further confirms weakness in NVGS.
A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen 3 estimates moving down in the past 30 days, compared with just 1 upward revision. This trend has caused the consensus estimate to trend lower, going from $1.04 a share a month ago to its current level of 87 cents.
NAVIGATOR HLDGS Price and Consensus
NAVIGATOR HLDGS Price and Consensus | NAVIGATOR HLDGS Quote
Also, for the current quarter, Navigator has seen 3 downward estimate revisions versus 1 revision in the opposite direction, dragging the consensus estimate down to 12 cents a share from 18 cents over the past 30 days.
The stock also has seen some pretty dismal trading lately, as the share price has dropped 27.7% in the past month.
So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don’t have a long time horizon to wait.
If you are still interested in the Transportation-Ship industry, you may instead consider a better-ranked stock - Aegean Marine Petroleum Network Inc. (ANW). The stock currently holds a Zacks Rank #1 (Strong Buy) and may be a better selection at this time.
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>