Babcock & Wilcox (BWC) in Focus: Stocks Tumbles 6.8%
Babcock & Wilcox Company (BWC) saw a big move last session, as the company’s shares fell by nearly 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for BWC, as the stock gained nearly 6.6% between Feb 3 and Feb 26.
This slump shouldn’t be too much of a surprise to investors, as the company in the diversified machinery industry has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
BWC currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the same space include DXP Enterprises, Inc. (DXPE), Kadant Inc. (KAI) and Middleby Corp. (MIDD). All these stocks sport a Zacks Rank #1 (Strong Buy).
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THE BABCOCK & WILCOX CO (BWC): Free Stock Analysis Report
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