CHICAGO, April 7, 2011 /PRNewswire/ -- 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): Tidewater Inc. (NYSE: TDW) and FirstService Corporation (USA) (Nasdaq: FSRV). Further, Zacks announced #4 Rankings (Sell) on two other widely held stocks: Stillwater Mining Company (NYSE: SWC) and Agnico-Eagle Mines Limited (USA) (NYSE: AEM). See the full Zacks #5 Rank List - Stocks to Sell Now visit
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 TDW and FSRV 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:
Tidewater Inc. (NYSE: TDW) announced third-quarter earnings of 67 cents per share last month, falling nearly 3% short of the analysts expectations. Year over year earnings dropped 42%. The Zacks Consensus Estimate for the current year decreased 2 cents to $2.35 per share over the past 7 days. Next year's forecast fell a penny to $3.58 per share in the last 30 days.
FirstService Corporation (USA) (Nasdaq: FSRV) posted a fourth-quarter profit of 36 cents per share on Feb 16, which was 11 cents lower than analysts' expectations. The Zacks Consensus Estimate for 2011 dipped 8 cents to a loss of a profit of $2.04 per share in the 60 days. The average forecast for 2012 stood at a profit of $2.38 per share in a span of two months.
Here is a synopsis of why SWC and AEM 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;
Stillwater Mining Company's (NYSE: SWC) fourth-quarter earnings of 16 cents per share, announced on Feb 22, missed analysts' projections by a 4 cents. The Zacks Consensus Estimate for 2011 moved down 3 cents to $1.67 per share over the past week. Next year's forecast slipped 6 cents to $2.01 per share in a span of 60 days.
Agnico-Eagle Mines Limited (USA) (NYSE: AEM) reported fourth-quarter earnings of 45 cents per share, beating analysts' expectations by 26%. For 2011, the Zacks Consensus Estimate fell 11 cents to $2.72 per share in the last month as 6 analysts out of 14 reduced forecasts. Estimate for the 2012 moved down a penny to $3.23 per share in the same period.
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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 +27%. 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 (-0.9% versus +9%). Thus, the Zacks Rank system allows investors to truly manage portfolio trading effectively.
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