CUI Global (CUI) Down To Strong Sell On Weak Q1 Results
Zacks Investment Research | Jun 07, 2017 09:03PM ET
On Jun 8, Zacks Investment Research downgraded CUI Global, Inc. (NASDAQ:CUI) to a Zacks Rank #5 (Strong Sell). Going by the Zacks model, companies holding a Zacks Rank #5 have strong chances of underperforming the broader market.
In the last three months, CUI Global’s shares have lost nearly 44.74%, underperforming the gain of 5.60% recorded by the Zacks categorized Machinery Electrical industry.
Why the Downgrade?
Market sentiments have been weak for CUI Global for quite some time now, especially after the company reported lower-than-expected results for first-quarter 2017 on May 10. Loss of 17 cents per share was wider than the Zacks Consensus Estimate of a loss of 7 cents. Net sales were down 14% year over year.
Over the last 60 days, the Zacks Consensus Estimate on the stock widened from a loss of 1 cent to a loss of 31 cents for 2017 while the same for 2018 decreased 58.7% to earnings of 19 cents for 2018.
Also, the company has an Earnings ESP Filter .
CUI Global, Inc. Price and Consensus
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