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What Falling Estimates & Price Mean for Boyd Gaming (BYD)
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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 Boyd Gaming Corporation (BYD - 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 BYD.
A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen six estimates moving down in the past 30 days, compared with just two upward revisions. This trend has caused the consensus estimate to trend lower, going from $1.36 a share a month ago to its current level of $1.25.
Also, for the current quarter, Boyd Gaming has seen four downward estimate revisions versus one revision in the opposite direction, dragging the consensus estimate down to 36 cents a share from 40 cents over the past 30 days.
The stock also has seen some pretty dismal trading lately, as the share price has dropped 7.1% 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 Consumer Discretionary industry, you may instead consider a better-ranked stock - Eldorado Resorts, Inc. . The stock currently holds 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.
Can Hackers Put Money INTO Your Portfolio?
Earlier this month, credit bureau Equifax announced a massive data breach affecting 2 out of every 3 Americans. The cybersecurity industry is expanding quickly in response to this and similar events. But some stocks are better investments than others.
Zacks has just released Cybersecurity! An Investor’s Guide to help Zacks.com readers make the most of the $170 billion per year investment opportunity created by hackers and other threats. It reveals 4 stocks worth looking into right away.
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What Falling Estimates & Price Mean for Boyd Gaming (BYD)
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 Boyd Gaming Corporation (BYD - 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 BYD.
A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen six estimates moving down in the past 30 days, compared with just two upward revisions. This trend has caused the consensus estimate to trend lower, going from $1.36 a share a month ago to its current level of $1.25.
Also, for the current quarter, Boyd Gaming has seen four downward estimate revisions versus one revision in the opposite direction, dragging the consensus estimate down to 36 cents a share from 40 cents over the past 30 days.
The stock also has seen some pretty dismal trading lately, as the share price has dropped 7.1% in the past month.
Boyd Gaming Corporation Price and Consensus
Boyd Gaming Corporation Price and Consensus | Boyd Gaming Corporation 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 Consumer Discretionary industry, you may instead consider a better-ranked stock - Eldorado Resorts, Inc. . The stock currently holds 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.
Can Hackers Put Money INTO Your Portfolio?
Earlier this month, credit bureau Equifax announced a massive data breach affecting 2 out of every 3 Americans. The cybersecurity industry is expanding quickly in response to this and similar events. But some stocks are better investments than others.
Zacks has just released Cybersecurity! An Investor’s Guide to help Zacks.com readers make the most of the $170 billion per year investment opportunity created by hackers and other threats. It reveals 4 stocks worth looking into right away.
Download the new report now>>