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
Some better-ranked stocks in the consumer discretionary sector include Electronic Arts Inc.
), Columbia Sportswear Company
) and Malibu Boats, Inc.
). While Electronic Arts carries a Zacks Rank #1 (Strong Buy), both Columbia Sportswear and Malibu Boats hold 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 >>
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 reportSMITH & WESSON (SWHC): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research