Geospace Technologies (GEOS) in Focus: Stock Tumbles 8.0%

Zacks

Geospace Technologies Corporation (GEOS) saw a big move last session, as the company’s shares fell nearly 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 GEOS, as the stock is now down over 17% since Jun 30.

The technical instruments manufacturer has seen a flat track record when it comes to current year estimate revisions over the past few weeks, and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

GEOS currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the broader technology sector include Garmin Ltd. (GRMN), EchoStar Corp. (SATS) and Skyworks Solutions Inc. (SWKS). All these stocks sport a Zacks Rank #1 (Strong Buy).

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GEOSPACE TECH CORP (GEOS): Free Stock Analysis Report

GARMIN LTD SWITZERLAND (GRMN): Free Stock Analysis Report

ECHOSTAR CORP (SATS): Free Stock Analysis Report

SKYWORKS SOLUTIONS INC (SWKS): Free Stock Analysis Report


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