Eaton (ETN) in Focus: Stock Tumbles 8%

Zacks

Eaton Corporation plc (ETN) saw a big move last session, as the company’s shares fell over 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for ETN, as the stock is now down nearly 9% in the past one-month time frame.

This slump shouldn’t be too much of a surprise to investors, as the power management company has seen 6 negative revisions 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.

ETN currently has a Zacks Rank #4 (Sell).

Some better-ranked stocks in the same sector include Emerson Electric Co. (EMR), Powell Industries, Inc. (POWL) and AO Smith Corp. (AOS). All these stocks carry a Zacks Rank #2 (Buy).

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 >>




EATON CORPIRELAND (ETN): Free Stock Analysis Report

EMERSON ELEC CO (EMR): Free Stock Analysis Report

POWELL IND INC (POWL): Free Stock Analysis Report

A O SMITH CORPORATION (AOS): Free Stock Analysis Report


Zacks Investment Research

View Comments (1)