Donaldson Company, Inc. (DCI - Free Report) seems to have lost its sheen, thanks to tough operating environment, a highly leveraged balance sheet, high cost of sales and forex woes.
The manufacturer of filtration systems and replacement parts currently carries a Zacks Rank #5 (Strong Sell). The company belongs to the Zacks Pollution Control industry.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
It is worth noting that Donaldson delivered weaker-than-expected results for the first three quarters of fiscal 2019 while it recorded positive earnings beat of just 1.67% in the fourth quarter (ended July 2019). The company’s average earnings surprise for the last four quarters was negative 3.59%.
A glance at Donaldson’s price trend in the past year shows that it has lost nearly 4.6% against the industry’s and S&P 500’s growth of 10.4% and 5.3%, respectively.
The company’s earnings estimates were lowered, reflecting bearish sentiments. Over the past 60 days, the Zacks Consensus Estimate for Donaldson’s earnings has declined 5.4% to $2.28 for fiscal 2020 (ending July 2020) and 4.5% to $2.53 for fiscal 2021 (ending July 2021).
Donaldson Company, Inc. Price and Consensus