Quiksilver Inc. (ZQK) saw a big move last session, as the company’s shares fell by over 41% 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 ZQK, as the stock is now down almost 50% in the past one-month time frame.
The textile-apparel retailer has seen a flat record when it comes to current year estimate revisions over the past few weeks (0 increases, 0 decreases), 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 on this firm in the near future, and especially on earnings estimates following the recent slump.
ZQK currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is negative.
Investors interested in the textile-apparel industry may consider better-ranked stocks like Columbia Sportswear Company (COLM), Hanesbrands Inc. (HBI) and Michael Kors Holdings Limited (KORS). All these stocks carry a Zacks Rank #2 (Buy).
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QUIKSILVER INC (ZQK): Free Stock Analysis Report
COLUMBIA SPORTSWEAR CO (COLM): Free Stock Analysis Report
HANESBRANDS INC (HBI): Free Stock Analysis Report
MICHAEL KORS HOLDINGS LTD (KORS): Free Stock Analysis Report
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Quiksilver (ZQK) in Focus: Stock Plunges 41.1%
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