Weakness Seen in Erickson (EAC): Stock Plunges 14.2%

Zacks


Erickson Incorporated (EAC) saw a big move in the last trading session, as the company’s shares fell by over 14% 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 uptrend for EAC, as the stock is up over 11% in the past one-month time frame.

The company, a provider of aviation services to commercial and government customers, has not seen any estimate revision over the past month, and the current year earnings consensus 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, especially on earnings estimates following the recent slump.

EAC currently holds a Zacks Rank #5 (Strong Sell) while its Earnings ESP is negative.

Investors interested in the Aerospace/Defense industry may consider better-ranked stocks like The Boeing Company (BA), General Dynamics Corp. (GD) and Lockheed Martin Corporation (LMT), each of which holds a Zacks Rank #2 (Buy).

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ERICKSON (EAC): Free Stock Analysis Report

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LOCKHEED MARTIN CORP (LMT): Free Stock Analysis Report


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