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Why Lifeway Foods (LWAY) Could Be Positioned for a Slump
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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 Lifeway Foods, Inc. (LWAY - 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 #4 (Sell) further confirms weakness in LWAY.
A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen one estimate moving down in the past 30 days, compared with no upward revisions. This trend has caused the consensus estimate to trend lower, going from 14 cents a share a month ago to its current level of 8 cents.
Also, for the current quarter, Lifeway Foods has seen one downward estimate revision versus no revision in the opposite direction, dragging the consensus estimate down to break even per share from 3 cents over the past 30 days.
The stock has also seen some pretty dismal trading lately, as the share price has dropped 7.6% 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 Food - Dairy Products industry, you may instead consider a better-ranked stock - Glanbia plc (GLAPY - Free Report) . The stock currently sports a Zacks Rank #1 (Strong Buy) and may be a better selection at this time. You can see the complete list of today’s Zacks #1 Rank stocks here.
Zacks Editor-in-Chief Goes "All In" on This Stock
Full disclosure, Kevin Matras now has more of his own money in one particular stock than in any other. He believes in its short-term profit potential and also in its prospects to more than double by 2019. Today he reveals and explains his surprising move in a new Special Report.
Image: Bigstock
Why Lifeway Foods (LWAY) Could Be Positioned for a Slump
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 Lifeway Foods, Inc. (LWAY - 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 #4 (Sell) further confirms weakness in LWAY.
A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen one estimate moving down in the past 30 days, compared with no upward revisions. This trend has caused the consensus estimate to trend lower, going from 14 cents a share a month ago to its current level of 8 cents.
Also, for the current quarter, Lifeway Foods has seen one downward estimate revision versus no revision in the opposite direction, dragging the consensus estimate down to break even per share from 3 cents over the past 30 days.
The stock has also seen some pretty dismal trading lately, as the share price has dropped 7.6% in the past month.
Lifeway Foods, Inc. Price and Consensus
Lifeway Foods, Inc. Price and Consensus | Lifeway Foods, Inc. Quote
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 Food - Dairy Products industry, you may instead consider a better-ranked stock - Glanbia plc (GLAPY - Free Report) . The stock currently sports a Zacks Rank #1 (Strong Buy) and may be a better selection at this time. You can see the complete list of today’s Zacks #1 Rank stocks here.
Zacks Editor-in-Chief Goes "All In" on This Stock
Full disclosure, Kevin Matras now has more of his own money in one particular stock than in any other. He believes in its short-term profit potential and also in its prospects to more than double by 2019. Today he reveals and explains his surprising move in a new Special Report.
Download it free >>