| Falling Earnings Estimates Signal Weakness Ahead for Rentech (RTK) - Tale of the Tape | |
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One such stock that you may want to consider dropping is Rentech, Inc. (RTK), which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #4 (Sell) further confirms weakness in RTK.
A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen 2 estimates moving down in the past 30 days, compared with no upward revision. This trend has caused the consensus estimate to trend lower, going from 11 cents a share a month ago to its current level of breakeven.
Also, for the current quarter, Rentech has seen1 downward estimate revisions versus no revision in the opposite direction, dragging the consensus estimate down to a loss of 2 cents a share from a penny over the past 30 days.
The stock also has seen some pretty dismal trading lately, as the share price has dropped 16.1% in the past month.
So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don’t have a long time horizon to wait.
If you are still interested in the Biofuels industry, you may instead consider a better-ranked stock - GreenHunter Resources, Inc. (GRH). The stock currently holds a Zacks Rank #2 (Buy) and may be better selection at this time.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report RENTECH INC (RTK): Free Stock Analysis Report GREENHUNTER EGY (GRH): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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Rentech, Inc.
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CODE : RTK |
ISIN : US7601121020 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Rentech est une société de production minière basée aux Etats-Unis D'Amerique. Rentech est cotée aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 4,6 millions US$ (3,9 millions €). La valeur de son action a atteint son plus haut niveau récent le 22 juillet 2011 à 9,86 US$, et son plus bas niveau récent le 13 octobre 2017 à 0,20 US$. Rentech possède 23 214 347 actions en circulation. |