POSCO (PKX – Analyst Report) is formerly known as Pohang Iron & Steel Company and is now a Zacks Rank #5 (Strong Sell) and is the Bear of the Day.
POSCO, formerly known as Pohang Iron & Steel Company Ltd., manufactures hot and cold rolled steel products, heavy plate and other steel products for the construction and shipbuilding industries.
The Zacks Consensus Estimate has been falling over the last few months. The FY16 estimate stood at $3.59 in June and dropped in July to $3.24.
Next year has also seen a move lower in estimates with the 2017 Zacks Consensus Estimate moving from $5.33 in June to the current level of $4.83.
Zacks has developed a chart that helps investors see how earnings estimates have impacted the price of the stock over the last several years. We call this chart the price and consensus chart, and each color coded lines represents analyst estimates over a designated year. As estimates increase, the stock tends to follow. The Zacks Rank is impacted by earnings estimate increases, beats and incorporates the idea of analyst agreement and magnitude. As a Zacks Rank #5 (Strong Sell) we see that estimates are moving higher.
More Stocks to Sell. Now.
Beyond our Bear Stock of the Day, today’s list of 220 Zacks Rank #5 Strong Sells demand even more urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. Many appear to be sound investments but, since 1988, such stocks have actually performed more than 11X worse than the S&P 500.
See today’s Zacks “Strong Sells” absolutely free >>.
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