Whole Foods Market (WFM) in Focus: Stock Tumbles 7.2%

Zacks

Whole Foods Market, Inc. (WFM) saw a big move last session, as the company’s shares fell more than 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This stock, trading at a volatile range of $51.01–$55.88 in the past one-month time frame, showed a sharp decline yesterday at $51.46.

The company has seen a mixed track record when it comes to current year estimate revisions over the past few weeks. Six estimates were revised lower while there was only one upward revision. 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.

WFM currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.

Some better-ranked stocks in the services sector include Carrefour SA (CRRFY), Etablissements Delhaize Fr (DEG) and Quanta Services, Inc. (PWR). All these stocks carry a Zacks Rank #2 (Buy).

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WHOLE FOODS MARKET INC (WFM): Free Stock Analysis Report

CARREFOUR SA (CRRFY): Free Stock Analysis Report

ETABLISSEMENTS DELHAIZE FRER (DEG): Free Stock Analysis Report

QUANTA SERVICES INC (PWR): Free Stock Analysis Report


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