Quiksilver (ZQK) in Focus: Stock Plunges 41.1%

Zacks

Quiksilver Inc. (ZQK) saw a big move last session, as the company’s shares fell by over 41% 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 ZQK, as the stock is now down almost 50% in the past one-month time frame.
 
The textile-apparel retailer has seen a flat record when it comes to current year estimate revisions over the past few weeks (0 increases, 0 decreases), 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.
 
ZQK currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is negative.
 
Investors interested in the textile-apparel industry may consider better-ranked stocks like Columbia Sportswear Company (COLM), Hanesbrands Inc. (HBI) and Michael Kors Holdings Limited (KORS). 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 >>






QUIKSILVER INC (ZQK): Free Stock Analysis Report

COLUMBIA SPORTSWEAR CO (COLM): Free Stock Analysis Report

HANESBRANDS INC (HBI): Free Stock Analysis Report

MICHAEL KORS HOLDINGS LTD (KORS): Free Stock Analysis Report


Zacks Investment Research

View Comments (0)