Smith & Wesson Holding Corporation ( SWHC ) saw a big move last session, as the company's shares fell by nearly 9% on Friday. The move came on pretty good volume too with far more shares changing hands than in a normal session. This stock, trading at a volatile range of $15.37-$17.14 in the past one-month time frame, showed a sharp decline Friday at $15.52.
Smith & Wesson has seen a mixed track record when it comes to current year estimate revisions over the past few weeks (1 increase, 1 decrease), 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 of this firm in the near future, and especially on earnings estimates following the recent slump.
SWHC currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the consumer discretionary sector include Electronic Arts Inc. ( EA ), Columbia Sportswear Company ( COLM ) and Malibu Boats, Inc. ( MBUU ). While Electronic Arts carries a Zacks Rank #1 (Strong Buy), both Columbia Sportswear and Malibu Boats hold a Zacks Rank #2 (Buy).
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SMITH & WESSON (SWHC): Free Stock Analysis Report
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