Geospace Technologies Corporation ( GEOS ) saw a big move last session, as the company's shares fell 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 continues the recent downtrend for GEOS, as the stock is now down over 17% since Jun 30.
The technical instruments manufacturer 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 on this firm in the near future, and especially on earnings estimates following the recent slump.
GEOS currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the broader technology sector include Garmin Ltd. ( GRMN ), EchoStar Corp. ( SATS ) and Skyworks Solutions Inc. ( SWKS ). All these stocks sport a Zacks Rank #1 (Strong Buy).
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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 reportGEOSPACE TEC CP (GEOS): Free Stock Analysis ReportGARMIN LTD (GRMN): Free Stock Analysis ReportECHOSTAR CORP (SATS): Free Stock Analysis ReportSKYWORKS SOLUTN (SWKS): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research