Three Stocks Join Zacks Rank #5 List as Earnings Estimates Dip
Today, three companies find themselves on the Zacks Rank #5 (Strong Sell) List due to recent downward revisions in their earnings forecasts:
Central Garden & Pet Company (CENTA) operates in the pet products sector. Over the past 60 days, the Zacks Consensus Estimate for its current year earnings has decreased by 7.5%.
Industria de Diseño Textil, S.A. (IDEXY) is a retail player that has also seen a shift in its earnings outlook, with the Zacks Consensus Estimate dropping 6.5% in the last two months.
Lonza Group AG (LZAGY) specializes in health and nutrition solutions. The Zacks Consensus Estimate for its current year earnings has been revised downward by 6% during the same period.
For a complete list of stocks ranked as Zacks Rank #5, you can view the full list here.
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