Gafisa S.A. ( GFA ) saw a big move last session, as the company's shares fell by nearly 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $2.69 to $3.19 in the past one-month time frame.
This slump shouldn't be too much of a surprise to investors, as this residential construction company has seen 1 negative revision in the past few weeks and its current year loss estimate has widened 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.
GFA currently has a Zacks Rank #3 (Hold) while its Earnings ESP
Some better-ranked stocks in the same sector include MRV Engenharia e Participa
), Beazer Homes USA Inc.
) and DR Horton Inc.
). MRV Engenharia holds Zacks Rank #1 (Strong Buy), while both Beazer Homes and DR Horton carry a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>BEAZER HOMES (BZH): Free Stock Analysis ReportD R HORTON INC (DHI): Free Stock Analysis ReportGAFISA SA-ADR (GFA): Free Stock Analysis ReportMRV ENGENHARIA (MRVNY): Get Free ReportTo read this article on Zacks.com click here.Zacks Investment Research