Bear of the Day: Ashtead Group (ASHTY) [Yahoo! Finance]
Global Industrial Company (GIC)
Company Research
Source: Yahoo! Finance
However, the market tends to sniff out companies that may not be able to deliver on their lofty expectations which can send a stock faltering if this materializes. Unfortunately, Ashtead Group fits this scenario with its stock now landing a Zacks Rank #5 (Strong Sell) and the Bear of the Day. Time to Take Profits It appears to be time to take profits in Ashtead's stock which is near $300 a share after rising +29% over the last year and up +4% in 2024. To that point, earnings estimate revisions have remained lower in the last 60 days with FY24 EPS projections falling roughly -2% and FY25 EPS projections down -7%. It's also noteworthy that Ashtead's Zacks Industrial Services Industry is in the bottom 24% of over 250 Zacks industries with Global Industrial Company GIC, Hudson Technologies HDSN , and Kion Group KIGRY being other peers with sell ratings in correlation with declining earnings estimates. Image Source: Zacks Investment Research Valuation Cracks Unlike Global Indu
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News
- Global Industrial Introduces its Largest Air Scrubber and Negative Air Machine [Yahoo! Finance]Yahoo! Finance
- Global Industrial Introduces its Largest Air Scrubber and Negative Air MachineAccesswire
- Global Industrial Company (NYSE:GIC) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Global Industrial Company Reports First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Global Industrial Company Reports First Quarter 2024 Financial Results Accesswire
GIC
Earnings
- 4/30/24 - Miss
GIC
Sec Filings
- 4/30/24 - Form 10-Q
- 4/30/24 - Form 8-K
- 4/24/24 - Form DEF
- GIC's page on the SEC website