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Isle of Capri Casinos (ISLE) Crumbles: Stock Falls by 5.3%

Zacks Equity Research

Isle of Capri Casinos, Inc. (ISLE) saw a big move last session, as the company’s shares fell more than 5% 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 ISLE, as the stock is now down 11.2% in the past one-month time frame.

This slump shouldn’t be too much of a surprise to investors, as the company has seen 4 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.

ISLE currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is Zero.

Some better-ranked stocks in services sector include Galaxy Entertainment Group Limited (GXYEY), Wynn Resorts Ltd. (WYNN) and Zynga, Inc. (ZNGA). All these stocks carry a Zacks Rank #1 (Strong Buy). 

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(ISLE): Free Stock Analysis Report

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