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Falling Earnings Estimates Signal Weakness Ahead for Colony NorthStar (CLNS)
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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 Colony NorthStar, Inc. , 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 CLNS.
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 $1.34 a share a month ago to its current level of $1.30.
Also, for the current quarter, Colony NorthStar has seen one downward estimate revision versus no revisions in the opposite direction, dragging the consensus estimate down to 30 cents a share from 34 cents over the past 30 days.
The stock has also seen some pretty dismal trading lately, as the share price has dropped 14.1% in the past month.
NorthStar Asset Management Group, Inc. Price and Consensus
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 REIT and Equity Trust industry, you may instead consider a better-ranked stock - Ladder Capital Corp (LADR - Free Report) . The stock currently carries a Zacks Rank #2 (Buy) and may be a better selection at this time. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
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Falling Earnings Estimates Signal Weakness Ahead for Colony NorthStar (CLNS)
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 Colony NorthStar, Inc. , 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 CLNS.
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 $1.34 a share a month ago to its current level of $1.30.
Also, for the current quarter, Colony NorthStar has seen one downward estimate revision versus no revisions in the opposite direction, dragging the consensus estimate down to 30 cents a share from 34 cents over the past 30 days.
The stock has also seen some pretty dismal trading lately, as the share price has dropped 14.1% in the past month.
NorthStar Asset Management Group, Inc. Price and Consensus
NorthStar Asset Management Group, Inc. Price and Consensus | NorthStar Asset Management Group, 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 REIT and Equity Trust industry, you may instead consider a better-ranked stock - Ladder Capital Corp (LADR - Free Report) . The stock currently carries a Zacks Rank #2 (Buy) and may be a better selection at this time. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
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