Zacks Sell List Highlights: Greif, Darden Restaurants, Green Mountain Coffee Roasters and Chico's FAS - Press Releases
January 24 2012 - 3:30AM
Zacks
For Immediate Release
Chicago, IL – January 24, 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): Greif, Inc. (
GEF) and Darden Restaurants, Inc. ( DRI). Further,
Zacks announced #4 Rankings (Sell) on two other widely held stocks:
Green Mountain Coffee Roasters Inc. ( GMCR) and
Chico's FAS, Inc. ( CHS).
To see the full Zacks #5 Rank List - Stocks to Sell Now visit:
http://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 GEF and DRI 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:
Greif, Inc. ( GEF) announced fourth-quarter
profit of 64 cents per share on December 7 that missed analysts’
expectations by 8.57%. The Zacks Consensus Estimate for the current
year slid to $3.69 per share from $3.70 per share in the last 30
days as next year’s estimate dipped 1 cent per share to $4.28 per
share in that time span.
Darden Restaurants, Inc. ( DRI) posted a
second-quarter profit of 41 cents per share on December 16, which
came in 1 cent wider than the average forecast. The Zacks Consensus
Estimate for the full year fell to $3.54 per share from $3.55 per
share over the past month. For 2013, analysts expect a profit of
$4.01 per share, compared to last month’s projection for a profit
of $4.02 per share.
Here is a synopsis of why GMCR and CHS 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;
Green Mountain Coffee Roasters Inc. ( GMCR)
fourth-quarter profit of 47 cents per share, posted on November 9,
lagged analysts’ projections by 2.08%. Estimate for current year
slid 1 cent per share to $2.56 per share over a month as next
year’s estimate dipped 3 cents per share to $3.57 per share in that
time span.
Chico's FAS, Inc. ( CHS) reported a
third-quarter profit of 18 cents per share on November 22 that fell
10% short of the Zacks Consensus Estimate. The full-year average
forecast is currently 80 cents per share, compared with last two
month’s projection of 88 cents per share. Next year’s forecast
dropped to 98 cents per share from $1.06 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
http://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.
Visit http://www.zacks.com/performance for information about the
performance numbers displayed in this press release.
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CHICOS FAS INC (CHS): Free Stock Analysis Report
DARDEN RESTRNT (DRI): Free Stock Analysis Report
GREIF INC (GEF): Free Stock Analysis Report
GREEN MTN COFFE (GMCR): Free Stock Analysis Report
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