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DreamWorks Animation (DWA) in Focus: Stock Slumps 11%

Zacks Equity Research

DreamWorks Animation SKG Inc. (DWA) saw a big move last session, as the company’s shares fell by nearly 11% 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 DWA as the stock is now down around 15% since June 9.

The developer and producer of animated films has seen a flat track record when it comes to current year estimate revisions over the past few weeks and 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 of this firm in the near future, and especially on earnings estimates following the recent slump.

DWA currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

Some better-ranked stocks in the Consumer Discretionary sector include Electrolux AB (ELUXY), Electronic Arts Inc.  (EA) and Horace Mann Educators Corp. (HMN). All these stocks carry a Zacks Rank #1 (Strong Buy).

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