ITT CORP (ITT) - Profit Tracks
December 08 2011 - 7:00PM
Zacks
Since inception in 1988, the S&P 500 has outperformed the Zacks
#5 Rank List - Stocks to Sell Now by 80% annually (+2% versus
+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 FWLT and ITT 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:
Foster Wheeler AG (FWLT) announced third-quarter profit
of 33 cents per share on November 2 that missed analysts?
expectations by 25%. The Zacks Consensus Estimate for the current
year slid to $1.48 per share from $1.67 per share in the last 60
days as next year?s estimate dipped 31 cents per share to $1.92 per
share in that time span.
ITT Corporation (ITT) posted a third-quarter profit of
$2.34 per share on October 28, which came in 2 cents wider than the
average forecast. The Zacks Consensus Estimate for the full year
fell to $1.51 per share from $9.49 per share over the past month.
For 2012, analysts expect a profit of $1.69 per share, compared to
last month?s projection for a profit of $8.53 per share.
Here is a synopsis of why SPB and HAE 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;
Spectrum Brands Holdings, Inc. (SPB) fourth-quarter
profit of 47 cents per share, posted on November 16, lagged
analysts? projections by 20.34%. Estimate for current year slid 38
cents per share to $2.46 per share over a month as next year?s
estimate dipped 6 cents per share to $2.88 per share in that time
span.
Haemonetics Corporation (HAE) reported a second-quarter
profit of 72 cents per share on October 31 that fell 6.49% short of
the Zacks Consensus Estimate. The full-year average forecast is
currently $3.06 per share, compared with last month?s projection of
$3.09 per share. Next year?s forecast dropped to $3.58 per share
from $3.66 per share in the same period.
FOSTER WHELR AG (FWLT): Free Stock Analysis Report
HAEMONETICS CP (HAE): Free Stock Analysis Report
ITT CORP (ITT): Free Stock Analysis Report
SPECTRUM BRANDS (SPB): Free Stock Analysis Report
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