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Raven Industries Slumps: RAVN Falls 6.5% in Session - Tale of the Tape

Raven Industries Inc. ( RAVN ) saw a big move last session, as the company's shares fell nearly 7% 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 RAVN, as the stock is now down over 13% in the past one-month time frame.

On Mar 11, Raven Industries reported its financial results for the fourth quarter fiscal 2015. The company's earnings per share of 11 cents were below the market consensus.

This diversified machinery company has seen a flat track record when it comes to current year estimate revisions, as there has been no revision on either side over the past few weeks. The consensus for earnings estimate 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.

RAVN currently has a Zacks Rank #4 (Sell).

A better-ranked stock in the same sector is Danaher Corp. ( DHR ), holding a Zacks Rank #2 (Buy).

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RAVEN INDS INC (RAVN): Free Stock Analysis Report

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


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

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