AAR Corp. ( AIR ) saw a big move last session, as the company's shares fell by nearly 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent uptrend for AIR, as the stock gained nearly 11.3% between Feb 24 and Mar 20.
This slump shouldn't be too much of a surprise to investors, as this stock in the Aerospace and Defense Equipment Manufacturing industry has seen one negative revision 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.
AAR currently has a Zacks Rank #4 (Sell) while its Earnings ESP
Some better-ranked stocks in the same space include Astronics Corporation
), BAE Systems plc
) and AeroVironment, Inc.
). While Astronics and BAE Systems sport a Zacks Rank #1 (Strong Buy), AeroVironment carry a Zacks Rank #2 (Buy).
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. Click to get this free report >>AAR CORP (AIR): Free Stock Analysis ReportASTRONICS CORP (ATRO): Free Stock Analysis ReportAEROVIRONMENT (AVAV): Free Stock Analysis ReportBAE SYSTEMS-ADR (BAESY): Get Free ReportTo read this article on Zacks.com click here.