5 Reasons To Dump Sealed Air (SEE) Stock From Your Portfolio
Zacks Investment Research | Jun 27, 2017 09:09PM ET
Sealed Air Corporation (NYSE:SEE) has been disappointing investors of late. Shares of this specialty packaging service provider to a diverse set of end markets has inched up a meager 0.1% year to date.
Should investors dump this stock from their portfolio for the time being? Let’s find out.
Negative Estimate Revisions
The estimates for the company for second-quarter 2017, fiscal 2017 and fiscal 2018, have moved been revised downward in the past 60 days, reflecting the negative outlook of analysts. For the second quarter, the estimate has gone down 44% to 37 cents per share in the past 60 days.
For fiscal 2017, the estimate has dropped 32% to $1.77 in the past 60 days. For fiscal 2018, the estimate has declined 15% to $2.46 per share.
Negative Surprise History
In the trailing four quarters, the company posted an average negative earnings surprise of 0.55%.
Underperforming the Industry
Sealed Air’s stock has increased 1.3% in the past one year, grossly underperforming the Zacks categorized Zacks Investment Research
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