We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Why Meta Financial (CASH) Could Be Positioned for a Slump
Read MoreHide Full Article
Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns. Selling off losers can be difficult, but if both the share price and estimates are falling, it could be time to get rid of the security before more losses hit your portfolio.
One such stock that you may want to consider dropping is Meta Financial Group, Inc. (CASH - Free Report) , which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #5 (Strong Sell) further confirms weakness in CASH.
A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen one estimate move down in the past 30 days, compared with no upward revisions. This trend has caused the consensus estimate to trend lower, going from $7.29 a share a month ago to its current level of $6.91.
Also, for the current quarter, Meta Financial has seen one downward estimate revision versus no revisions in the opposite direction, dragging the consensus estimate down to $1.00 a share from $1.21 over the past 30 days.
The stock also has seen some pretty dismal trading lately, as the share price has dropped 7.8% in the past month.
So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don’t have a long time horizon to wait.
If you are still interested in the Financial - Savings and Loan industry, you may instead consider a better-ranked stock - BankFinancial Corporation (BFIN - Free Report) . The stock currently holds a Zacks Rank #1 (Strong Buy) and may be a better selection at this time. You can see the complete list of today’s Zacks #1 Rank stocks here.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Image: Bigstock
Why Meta Financial (CASH) Could Be Positioned for a Slump
Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns. Selling off losers can be difficult, but if both the share price and estimates are falling, it could be time to get rid of the security before more losses hit your portfolio.
One such stock that you may want to consider dropping is Meta Financial Group, Inc. (CASH - Free Report) , which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #5 (Strong Sell) further confirms weakness in CASH.
A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen one estimate move down in the past 30 days, compared with no upward revisions. This trend has caused the consensus estimate to trend lower, going from $7.29 a share a month ago to its current level of $6.91.
Also, for the current quarter, Meta Financial has seen one downward estimate revision versus no revisions in the opposite direction, dragging the consensus estimate down to $1.00 a share from $1.21 over the past 30 days.
The stock also has seen some pretty dismal trading lately, as the share price has dropped 7.8% in the past month.
Meta Financial Group, Inc. Price and Consensus
Meta Financial Group, Inc. Price and Consensus | Meta Financial Group, Inc. Quote
So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don’t have a long time horizon to wait.
If you are still interested in the Financial - Savings and Loan industry, you may instead consider a better-ranked stock - BankFinancial Corporation (BFIN - Free Report) . The stock currently holds a Zacks Rank #1 (Strong Buy) and may be a better selection at this time. You can see the complete list of today’s Zacks #1 Rank stocks here.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>