TECO ENERGY (TE) - Profit Tracks

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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 GAS and TE 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:

AGL Resources Inc. ( GAS ) announced fourth-quarter profit of 87 cents per share on February 22 that missed analysts? expectations by 5.43%. The Zacks Consensus Estimate for the current year slid to $2.87 per share from $3.05 per share in the last 30 days as next year?s estimate dipped 10 cents per share to $3.13 per share in that time span.

TECO Energy, Inc. ( TE ) posted a fourth-quarter profit of 25 cents per share on February 2, which came in 3 cents wider than the average forecast. The Zacks Consensus Estimate for the full year fell to $1.34 per share from $1.39 per share over the past month. For 2013, analysts expect a profit of $1.42 per share, compared to last month?s projection for a profit of $1.46 per share.

Here is a synopsis of why ATI and CLF 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;

Allegheny Technologies Incorporated?s ( ATI ) fourth-quarter profit of 31 cents per share, posted on January 25, lagged analysts? projections by 42.59%. Estimate for current year slid 10 cents per share to $2.84 per share over a month as next year?s estimate dipped 1 cent per share to $4.12 per share in that time span.

Cliffs Natural Resources Inc ( CLF ) reported a fourth-quarter profit of $1.42 per share on February 15 that fell 7.79% short of the Zacks Consensus Estimate. The full-year average forecast is currently $9.61 per share, compared with last month?s projection of $10.38 per share. Next year?s forecast dropped to $11.72 per share from $12.44 per share in the same period.
 
ALLEGHENY TECH ( ATI ): Free Stock Analysis Report
 
CLIFFS NATURAL ( CLF ): Free Stock Analysis Report
 
AGL RESOURCES ( GAS ): Free Stock Analysis Report
 
TECO ENERGY ( TE ): Free Stock Analysis Report
 
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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: ATI , CLF , GAS , TE

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