Beacon Roofing Supply, Inc. (BECN) saw a big move last session, as the company’s shares fell nearly 6% 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 BECN, as the stock is now down over 15% in the past one-month time frame.
This slump shouldn’t be too much of a surprise to investors, as the distributor of roofing materials has seen 4 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.
BECN currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.
Some better-ranked stocks in the broader Construction sector include Vulcan Materials Company (VMC), Toll Brothers Inc. (TOL) and Simpson Manufacturing Co., Inc. (SSD). While Vulcan Materials sports a Zacks Rank #1 (Strong Buy), Toll Brothers and Simpson Manufacturing hold 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 >>
BEACON ROOFING SUPPLY INC (BECN): Free Stock Analysis Report
VULCAN MATERIALS COHOLDING CO (VMC): Free Stock Analysis Report
TOLL BROTHERS INC (TOL): Free Stock Analysis Report
SIMPSON MANUFACTURING CO INC (SSD): Free Stock Analysis Report
Zacks Investment Research