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Weakness Seen in First Cash Financial (FCFS): Stock Tanks 10.3%
January 29, 2014

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First Cash Financial Services Inc. (FCFS - Free Report) saw a big move last session, as the company’s shares fell by  more than 10% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for FCFS, as the stock is now down about 21% since Jan 7.

This slump shouldn’t be too much of a surprise to investors, as this credit services provider has seen 2 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

FCFS currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Some top-ranked stocks in the consumer loan industry include Discover Financial Services (DFS - Free Report) , The First Marblehead Corporation and EZCORP, Inc. (EZPW - Free Report) . All these stocks carry a Zacks Rank #2 (Buy).

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