ENDURANCE SPLTY (ENH) - Profit Tracks
June 06 2011 - 8:00PM
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 SAFT and ENH 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:
Safety Insurance Group, Inc. (SAFT ) announced first
-quarter loss of 23 cents per share on May 4 that missed analysts?
expectations by 133%. This apart the earnings also missed the
previous year?s results by 69%. The Zacks Consensus Estimate for
the current year slipped 35 cents to $3.02 per share in the last 60
days. Next year?s estimate dipped a couple of cents to $3.29 per
share in that time span.
Endurance Specialty Holdings Ltd. (ENH) posted a
first-quarter loss of $2.42 per share on May 2, which came in 18
cents wider than the average forecast. The diluted earnings per
share fell 147% to a loss of $2.25 on March 2011 as compared to
results of March 2010. The Zacks Consensus Estimate for the full
year fell $1.17 per share to a profit of 49 cents per share over
the past month reflecting cuts by all the 7 covering analysts. For
2012, analysts expect a profit of $5.00 per share, compared to
projections of a profit of $5.03 per share in a span of 7 days.
Here is a synopsis of why CPGI and MAKO 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;
China Shengda Packaging Group Inc.?s (CPGI )
first-quarter earnings of 9 cents per share, posted on May 13,
lagged analysts? projections by nearly 36%. For 2011, the Zacks
Consensus Estimate moved down 26 cents to a profit of 32 cents per
share in the last 30 days as both the covering analysts cut back on
forecasts. Estimate for next year slid 37 cents to a profit of 41
cents per share during the same time span.
MAKO Surgical Corp. (MAKO ) reported a first-quarter loss
of 27 cents per share on May 3, that fell 12% short of the Zacks
Consensus Estimate. The full-year average forecast is currently
pegged at a loss of 83 cents per share, compared to projections of
a loss of 81 cents per share made 30 days back. Next year?s
forecast dropped 1 cent to a loss of 33 cents per share in the same
period.
CHINA SHENGDA (CPGI): Free Stock Analysis Report
ENDURANCE SPLTY (ENH): Free Stock Analysis Report
SAFETY INS GRP (SAFT): Free Stock Analysis Report
Zacks Investment Research
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