Scientific Games Corporation ( SGMS ) saw a big move last Friday, as the company's shares fell by over 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 SGMS, as the stock is now down 16.7% since Mar 9.
On Mar 12, Scientific Games reported a loss in its fourth quarter and full year 2014 results.
This slump shouldn't be too much of a surprise to investors, as the computer services company has seen 3 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
SGMS currently has a Zacks Rank #3 (Hold).
Another better-ranked stock in the same sector is ARI Network Services Inc. ( ARIS ) with a Zacks Rank #1 (Strong Buy).