Biggest Declines Among S&P – Analyst Blog
Source: http://www.zacks.com/stock/news/23456/Biggest+Declines+Among+S%26P+-+Analyst+BlogPosted on Tuesday, August 11th, 2009 | In Market Commentary, Stocks to Watch
The following is a list of the S&P 500 firms where the analysts have been cutting their expectations for the current fiscal year the most over the last month. Most likely these firms reported disappointing earnings or gave negative guidance on their conference calls.
Historically, you have not wanted to be invested in companies where the analysts who follow them most closely see the earnings prospects diminishing. Also, estimates in motion tend to remain in motion. The first bit of bad news is rarely the last (the cockroach theory). This means that the current expectations, even though down from last month, are probably still to high for these firms.
To weed out anomalies, only those firms that are currently expected to earn more than $0.50 in 2009 are included and only those firms where there are a minimum of three estimates in the system.
If you have these stocks in your portfolio, you might want to reconsider holding on to them.
| Company | Ticker | 2009 Zacks Consensus |
4-Week % Change |
Positive Revisions |
Negative Revisions |
EPS Growth |
P/E |
| Harley-Davidson | HOG | $0.88 | -38.80% | 0 | 11 | -68.29% | 26.86 |
| Peabody Energy | BTU | $1.44 | -34.05% | 1 | 9 | -60.26% | 24.71 |
| Parker Hannifin | PH | $1.62 | -32.28% | 0 | 13 | -48.32% | 30.14 |
| Cincinnati Finl | CINF | $1.17 | -29.90% | 0 | 4 | -44.19% | 21.01 |
| Sunoco Inc | SUN | $1.56 | -28.81% | 0 | 7 | -79.15% | 16.76 |
| Host Hotel&Rsrt | HST | $0.50 | -26.61% | 0 | 9 | -71.07% | 21.58 |
| Pnc Finl Svc Cp | PNC | $2.03 | -25.94% | 0 | 12 | -44.97% | 21.84 |
| Genzyme-General | GENZ | $2.19 | -22.52% | 1 | 5 | -37.10% | 22.02 |
| Aetna Inc-New | AET | $2.92 | -17.67% | 1 | 15 | -25.80% | 9.32 |
| Safeway Inc | SWY | $1.75 | -16.43% | 0 | 10 | -20.72% | 10.58 |
| Manitowoc Inc | MTW | $0.52 | -16.32% | 1 | 6 | -81.91% | 13.2 |
| Assurant Inc | AIZ | $4.07 | -15.27% | 0 | 11 | -24.08% | 6.71 |
| Bb&T Corp | BBT | $1.14 | -15.17% | 7 | 16 | -54.14% | 22.61 |
| Smith Intl | SII | $1.07 | -14.73% | 2 | 11 | -71.82% | 24.43 |
| Qlogic Corp | QLGC | $0.59 | -14.27% | 0 | 10 | -43.74% | 23.09 |
| Starwood Hotels | HOT | $0.67 | -14.09% | 1 | 15 | -69.38% | 44.26 |
| Supervalu Inc | SVU | $2.01 | -12.23% | 0 | 6 | -30.45% | 7.63 |
| Expeditors Intl | EXPD | $1.15 | -11.06% | 0 | 12 | -16.00% | 28.67 |
| Consol Energy | CNX | $3.32 | -10.98% | 1 | 13 | 38.29% | 11.49 |
| Abercrombie | ANF | $0.90 | -10.41% | 1 | 16 | -73.16% | 36.38 |
| Pitney Bowes In | PBI | $2.22 | -10.38% | 0 | 2 | -20.26% | 10.1 |
| Bj Services | BJS | $0.70 | -10.35% | 0 | 12 | -65.96% | 20.29 |
| Frontier Commun | FTR | $0.53 | -9.49% | 0 | 11 | -8.37% | 13.3 |
| Lexmark Intl | LXK | $2.36 | -9.44% | 1 | 8 | -33.63% | 7.07 |
| Marriott Intl-A | MAR | $0.83 | -9.30% | 2 | 14 | -45.07% | 30.59 |
| Snap-On Inc | SNA | $2.70 | -9.17% | 0 | 3 | -33.66% | 14.31 |
| Dover Corp | DOV | $1.80 | -8.67% | 0 | 8 | -50.86% | 19.05 |
| Marathon Oil Cp | MRO | $2.06 | -8.46% | 2 | 8 | -68.23% | 14.91 |
| Meredith Corp | MDP | $1.81 | -8.42% | 0 | 4 | -11.03% | 15.39 |
| Symantec Corp | SYMC | $1.26 | -8.25% | 0 | 10 | -13.32% | 12.34 |
| Utd Parcel Srvc | UPS | $2.16 | -8.17% | 0 | 16 | -38.27% | 25.04 |
| Eqt Corp | EQT | $1.35 | -8.17% | 0 | 7 | -32.39% | 29.26 |
Last 5 posts by Dirk Van Dijk
- Durable Goods Orders Drop - Analyst Blog - November 25th, 2009
- New Home Sales Rise! - Analyst Blog - November 25th, 2009
- Spending Up, Savings Rates Down - Analyst Blog - November 25th, 2009
- Initial Jobless Claims Plunge - Analyst Blog - November 25th, 2009
- Fed Gives Clear Message - Analyst Blog - November 25th, 2009
Aetna, Assurant Inc., BB&T Corp., BJ Services, Consol Energy, Dover Corp;, Eqt Corp, Genzyme, Host Hotel, Lexmark, Manitowoc Inc;, Marathon Oil, Market Commentary, Marriott Intl, Meredith Corp;, Parker Hannifin, Peabody Energy, Pitney Bowes, QLogic Corp, Safeway Inc, Snap-on Inc., Stocks to Watch, Sunoco Inc., SuperValu Inc.;, Symantec Corp, USD, Zacks Market Commentaries
 About Dirk Van Dijk (http://www.zacks.com/)
Dirk Van Dijk is a Senior Analyst at Zacks Investment Research. He writes the Earnings Trends article on Zacks.com which provides investors with an in-depth analysis of the markets, along with the profit performance of S&P 500 companies. Each week, this report identifies which S&P 500 sectors are showing strength and which are showing weakness. In addition, this valuable report highlights the most attractive sectors based on valuation and projected earnings growth. For more information, visit www.zacks.com or for the RSS Feed of this article: http://www.zacks.com/external/rss.php?f=34 |
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.