zipRealty (ZIPR) Crumbles: Stock Falls by 5.6%


zipRealty Inc. (ZIPR) 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 most recent downtrend for ZIPR, as the stock is down about 31% in the past one-month time frame.

This slump shouldn’t be too much of a surprise to investors, as the real estate brokerage company has seen 2 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.

ZIPR currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the Real Estate industry include HFF, Inc. (HF), Jones Lang LaSalle Incorporated (JLL) and Reis, Inc. (REIS). While HFF holds a Zacks Rank #1 (Strong Buy), Jones Lang and Reis carry a Zacks Rank #2 (Buy).

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(ZIPR): Free Stock Analysis Report

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