Zacks Sell List Highlights: WMS Industries, Orient-Express Hotels, Wolverine World Wide and New Oriental Education & Tech Grp
For Immediate Release
Chicago, IL – September 18, 2012 – Zacks.com releases details on a group of stocks that are currently members of the exclusive Zacks #5 Rank List – Stocks to Sell Now. These stocks are currently rated as a Zacks Rank #5 (Strong Sell): WMS Industries Inc. (WMS) and Orient-Express Hotels Ltd. (OEH). Further, Zacks announced #4 Rankings (Sell) on two other widely held stocks: Wolverine World Wide, Inc. (WWW) and New Oriental Education & Tech Grp (EDU).To see the full Zacks #5 Rank List - Stocks to Sell Now visit: http://at.zacks.com/?id=92
Since inception in 1988, the S&P 500 has outperformed the Zacks #5 Rank List of Stocks to Sell Now by 80% annually (+2% vs. +10%). While the rest of Wall Street continued to tout stocks during the market declines of the last few years, Zacks told investors which stocks to sell or avoid.
Here is a synopsis of why WMS and OEH have a Zacks Rank of #5 (Strong Sell) and should most likely be sold or avoided for the next one to three months. Note that a #5 Strong Sell rating is applied to 5% of all the stocks in the Zacks Rank universe:
WMS Industries Inc. (WMS) announced fourth -quarter profit of 41 cents per share on August 09 which came behind the Zacks Consensus Estimate by 4 cents. The diluted earnings per share also fell by 6.82% on a year-over-year basis. The Zacks Consensus Estimate for the current year slipped 2 cents per share to $1.26 in the last 30 days. Next year’s estimate also dipped 3 cents per share to $1.45 per share in that time span.
Orient-Express Hotels Ltd. (OEH) posted a second -quarter profit of 12 cents per share on August 07, which came in 2 cents wider than the average forecast. The Zacks Consensus Estimate for 2012 fell to a profit of 9 cents per share from 13 cents over the past two months with none out of 4 covering analysts slashed forecasts. Next year’s forecasts slipped 4 cents to 31 cents per share in the same time span.
Here is a synopsis of why WWW and EDU have a Zacks Rank of 4 (Sell) and should also most likely be sold or avoided for the next one to three months. Note that a #4 Sell rating is applied to 15% of all the stocks ranked by Zacks;
Wolverine World Wide, Inc. (WWW) second-quarter profit of 41 cents per share, posted on July 10, lagged analysts projections by nearly 6.82%. For 2012, the Zacks Consensus Estimate moved down 12 cents in the last 30 days as 6 out of the 9 covering analysts cut back on forecasts. The forecast for next year slid 3 cents to $3.05 per share in the same time span.
New Oriental Education & Tech Grp (EDU) reported a fourth-quarter profit of 10 cents per share on July 18, that fell 9.09% short of the Zacks Consensus Estimate. The full-year average forecast is currently pegged at $1.08 per share, compared with the last 60 days projection of $1.15. Next year’s forecast dropped 6 cents per share in the same period.
Truly taking advantage of the Zacks Rank requires the understanding of how it works. The free special report; “Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions” is available to provide this insightful background. Download a free copy now to prosper in the years to come at http://at.zacks.com/?id=93
About the Zacks Rank
Since 1988, the Zacks Rank has proven that "Earnings estimate revisions are the most powerful force impacting stock prices." Since inception in 1988, #1 Rank Stocks have generated an average annual return of +28%. During the 2000-2002 bear market, Zacks #1 Rank stocks gained +43.8%, while the S&P 500 tumbled -37.6%. Also note that the Zacks Rank system has just as many Strong Sell recommendations (Rank #5) as Strong Buy recommendations (Rank #1). Since 1988, Zacks Rank #5 stocks have significantly underperformed the S&P 500 (2.8% versus +9.7%). Thus, the Zacks Rank system allows investors to truly manage portfolio trading effectively.
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