What Falling Estimates & Price Mean for Dawson (DWSN) - Tale of the Tape
19 Février 2014 - 2:55PM
Zacks
Similar to wise buying decisions,
exiting certain underperformers at the right time helps maximize
portfolio returns. Selling off losers can be difficult, but if both
the share price and estimates are falling, it could be time to get
rid of the security before more losses hit your portfolio.
One such stock that you may want to consider dropping is
Dawson Geophysical Company (DWSN), 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 #5 (Strong Sell) further
confirms weakness in DWSN.
A key reason for this move has been the negative trend in earnings
estimate revisions. For the full year, we have seen 3 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 $1.96 per share a month ago to its current level of $1.46
cents.
Also, for the current quarter, Dawson Geophysical has seen 3
downward estimate revisions versus no revision in the opposite
direction, dragging the consensus estimate down to 60 cents a share
from 74 cents over the past 30 days.
The stock also has seen some pretty dismal trading lately, as the
share price has dropped 11.3% 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 Oil & Gas Equipment &
Services sector, you may instead consider some better-ranked stocks
including Emerge Energy Services LP (EMES),
Exterran Partners, L.P. (EXLP) and
Willbros Group Inc. (WG). All these stocks hold a
Zacks Rank #2 (Buy). With favorable Zacks Rank, these stocks may be
better selection at this time.
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