SAFETY INS GRP (SAFT) - Profit Tracks

By
A A A

Since inception in 1988, the S&P 500 has outperformed the Zacks #5 Rank List - Stocks to Sell Now by 80% annually (+2% versus +10%). While the rest of Wall Street continued to tout stocks during the market declines of the last few years, Zacks told investors which stocks to sell or avoid.

Here is a synopsis of why PJC and SAFT have a Zacks Rank of #5 (Strong Sell) and should most likely be sold or avoided for the next one to three months. Note that a #5 Strong Sell rating is applied to 5% of all the stocks in the Zacks Rank universe:

Piper Jaffray Companies ( PJC ) announced fourth-quarter profit of 11 cents per share on January 25 that missed analysts? expectations by 42.11%. The Zacks Consensus Estimate for the current year slid to $1.78 per share from $2.05 per share in the last 60 days as next year?s estimate dipped 10 cents per share to $2.28 per share in that time span.


Safety Insurance Group, Inc. ( SAFT ) posted a fourth-quarter profit of 31 cents per share on March 8, which came in 28 cents wider than the average forecast. The Zacks Consensus Estimate for the full year fell to $3 per share from $3.05 per share over the past month. For 2013, analysts expect a profit of $3.08 per share, compared to last month?s projection for a profit of $3.15 per share.

Here is a synopsis of why FOE and JCI have a Zacks Rank of 4 (Sell) and should also most likely be sold or avoided for the next one to three months. Note that a #4 Sell rating is applied to 15% of all the stocks ranked by Zacks;

Ferro Corporation ( FOE ) fourth-quarter loss of 8 cents per share, posted on February 29, lagged analysts? projections by 166.67%. Estimate for current year slid 13 cents per share to 51 cents per share over a month as next year?s estimate dipped 4 cents per share to 78 cents per share in that time span.

Johnson Controls, Inc. ( JCI ) reported a first-quarter profit of 60 cents per share on January 19 that fell 3.23% short of the Zacks Consensus Estimate. The full-year average forecast is currently $2.74 per share, compared with last two month?s projection of $2.98 per share. Next year?s forecast dropped to $3.35 per share from $3.59 per share in the same period.
 
FERRO CORP ( FOE ): Free Stock Analysis Report
 
JOHNSON CONTROL ( JCI ): Free Stock Analysis Report
 
PIPER JAFFRAY ( PJC ): Free Stock Analysis Report
 
SAFETY INS GRP ( SAFT ): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: FOE , JCI , PJC , SAFT

Zacks.com

Zacks.com

More from Zacks.com:

Related Videos

Stocks

Referenced

Most Active by Volume

33,110,376
  • $113.99 ▲ 1.77%
25,034,179
    $17.98 unch
24,486,872
  • $7.41 ▲ 2.07%
20,864,535
  • $7.39 ▼ 2.76%
18,600,501
  • $8.30 ▼ 0.36%
17,530,211
  • $8.14 ▲ 3.17%
17,299,208
  • $93.79 ▲ 2.74%
14,669,760
  • $25.78 ▼ 0.19%
As of 12/26/2014, 04:15 PM


Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com