RPM International Inc. (RPM) saw a big move last session, as the company’s shares fell by nearly 8% 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 RPM, as the stock is now down nearly 13% since Dec 29.
On Jan 7, the company reported earnings of 52 cents per share, falling short of market expectations.
The paints & related products company has seen a flat track record when it comes to current year estimate revisions over the past few weeks 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.
RPM currently has a Zacks Rank #3 (Hold).
A better-ranked stock in the broader construction sector is AECOM Technology Corporation (ACM) with a Zacks Rank #1 (Strong 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 report
RPM INTL INC (RPM): Free Stock Analysis Report
AECOM TECH CORP (ACM): Free Stock Analysis Report
To read this article on Zacks.com click here.