missed the Zacks Consensus Estimate and is now
a Zacks Rank #5 (Strong Sell) and is the Bear of the Day. Let's
take a look at why this is the case.
Arctic Cat makes and sells snowmobiles and all-terrain vehicles
(ATVs), and recreational off-highway vehicles under the Arctic Cat
and MotorFist brand names. Arctic Cat Inc. was founded in 1982 and
is headquartered in Minneapolis, Minnesota.
ACAT missed the Zacks Consensus Estimate of $0.35 by $1.23 for a
negative earnings surprise of 351%.
Revenue came in at $165M while the Zacks Consensus Estimate was
looking for $197M.
The Zacks Consensus Estimate
has been falling over the last few months. The FY16
estimate stood at $0.53 in March and then fell to a loss of
$0.92 in September. The estimate currently states at -$1.36.
The decline in estimates is the main reason this is a Zacks Rank #5
(Strong Sell) and the Bear of the Day.
Zacks has developed a chart that helps investors see how
earnings estimates have
the price of the stock over the last several years. We call
this chart the
consensus chart, and each color-coded lines represents
analyst estimates over a
designated year. As estimates increase, the stock tends to
follow. The Zacks
impacted by earnings estimate increases, beats and
incorporates the idea of
agreement and magnitude. As a
Zacks Rank #5 (Strong Sell) we see that estimates are moving
More Stocks to Sell. Now.
Beyond our Bear Stock of the Day, today's list of 220 Zacks Rank #5
Strong Sells demand even more urgent attention. If any are lurking
in your portfolio or Watch List, they should be removed
immediately. Many appear to be sound investments but, since 1988,
such stocks have actually performed more than 11X worse than the
See today's Zacks "Strong Sells"
absolutely free >>.
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