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 EIG and OFG 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:
Employers Holdings, Inc. (EIG) announced third-quarter earnings of 13 cents per share on November 3 that lagged analysts? expectations by 43%, while the revenue dipped 18.13 %. For 2010, the Zacks Consensus Estimate stands at a profit of 87 cents per share that dropped by a penny over the past month as the covering analyst slashed projections. Next year?s estimate moved down 16 cents to $1.18 per share in two months.
Oriental Financial Group Inc. (OFG) third-quarter loss of 67 cents per share, reported on November 5, missed analysts? projections by a percent. The Zacks Consensus Estimate for the full year slipped $1.09 29 cents per share in the last 60 days as the covering analysts cut forecasts. The following year?s estimate fell 5 cents to $1.29 during a span of 30 days.
Here is a synopsis of why AIN and MINI 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;
Albany International Corp. (AIN)reported a third-quarter profit of 33 cents per share on November 3, compared with analysts? expectations for a loss of a penny. The Zacks Consensus Estimate for the current year decreased 5 cents to a profit of 1.27 per share in a span of 30 days.
Mobile Mini, Inc. (MINI) posted third-quarter earnings of 14 cents per share on November 4, which came in nearly 13% short of the average forecast. Total revenue fell 8% to $ 84.61. The Zacks Consensus Estimate for 2010 declined 5 cents to 52 cents per share over the past couple of months the covering analysts cut back on expectations. Estimate for 2011 dipped a penny to 85 cents per share in a span of a week.
ALBANY INTL A (AIN): Free Stock Analysis Report
EMPLOYERS HLDGS (EIG): Free Stock Analysis Report
MOBILE MINI INC (MINI): Free Stock Analysis Report
ORIENTAL FINL (OFG): Free Stock Analysis Report
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