For Immediate Release
Chicago, IL – March 29, 2012 – Zacks.com releases details on a group of stocks that are currently members of the exclusive Zacks #5 Rank List – Stocks to Sell Now. These stocks are currently rated as a Zacks Rank #5 (Strong Sell): Snyder S Lance Inc ( and Arcos Dorados Holding Inc (ARCO - Free Report) . Further, Zacks announced #4 Rankings (Sell) on two other widely held stocks: Lancaster Colony Corp. ( and WMS Industries Inc. (WMS - Free Report) .
To see the full Zacks #5 Rank List - Stocks to Sell Now visit: https://at.zacks.com/?id=92
Since inception in 1988, the S&P 500 has outperformed the Zacks #5 Rank List of Stocks to Sell Now by 80% annually (+2% vs. +10%). While the rest of Wall Street continued to tout stocks during the market declines of the last few years, Zacks told investors which stocks to sell or avoid.
Here is a synopsis of why LNCE and ARCO have a Zacks Rank of #5 (Strong Sell) and should most likely be sold or avoided for the next one to three months. Note that a #5 Strong Sell rating is applied to 5% of all the stocks in the Zacks Rank universe:
Snyder S Lance Inc ( announced fourth-quarter profit of 20 cents per share on February 10 that missed analysts’ expectations by 23.08%. The Zacks Consensus Estimate for the current year slid to 96 cents per share from $1.17 per share in the last 60 days as next year’s estimate dipped 17 cents per share to $1.21 per share in that time span.
Arcos Dorados Holding Inc (ARCO - Free Report) posted a fourth-quarter profit of 22 cents per share on March 5, which came in 1 cent wider than the average forecast. The Zacks Consensus Estimate for the full year fell to 81 cents per share from 86 cents per share over the past month. For 2013, analysts expect a profit of $1.11 per share, compared to last month’s projection for a profit of $1 per share.
Here is a synopsis of why LANC and WMS have a Zacks Rank of 4 (Sell) and should also most likely be sold or avoided for the next one to three months. Note that a #4 Sell rating is applied to 15% of all the stocks ranked by Zacks;
Lancaster Colony Corp. ( second-quarter profit of $1.11 per share, posted on January 26, lagged analysts’ projections by 5.13%. Estimate for current year slid 9 cents per share to $3.47 per share over two months as next year’s estimate dipped 2 cents per share to $3.96 per share in that time span.
WMS Industries Inc. (WMS - Free Report) reported a second-quarter profit of 27 cents per share on January 26 that fell 10% short of the Zacks Consensus Estimate. The full-year average forecast is currently $1.44 per share, compared with last month’s projection of $1.46 per share. Next year’s forecast dropped to $1.67 per share from $1.69 per share in the same period.
Truly taking advantage of the Zacks Rank requires the understanding of how it works. The free special report; “Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions” is available to provide this insightful background. Download a free copy now to prosper in the years to come at https://at.zacks.com/?id=93
About the Zacks Rank
Since 1988, the Zacks Rank has proven that "Earnings estimate revisions are the most powerful force impacting stock prices." Since inception in 1988, #1 Rank Stocks have generated an average annual return of +28%. During the 2000-2002 bear market, Zacks #1 Rank stocks gained +43.8%, while the S&P 500 tumbled -37.6%. Also note that the Zacks Rank system has just as many Strong Sell recommendations (Rank #5) as Strong Buy recommendations (Rank #1). Since 1988, Zacks Rank #5 stocks have significantly underperformed the S&P 500 (2.8% versus +9.7%). Thus, the Zacks Rank system allows investors to truly manage portfolio trading effectively.
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