Is It Time To Dump Bemis (BMS) Stock From Your Portfolio?
Zacks Investment Research | Jun 15, 2017 09:14PM ET
Global manufacturer of flexible packaging products and pressure sensitive materials Bemis Company Inc. (NYSE:BMS) seems to be underachieving of late. This Zacks Rank #4 (Sell) stock has yielded a negative year-to-date return of 3.4%. Let’s delve deeper to find out what’s weighing upon investor sentiment.
Estimates Revised Downward
All the seven estimates available for Bemis have moved down in the last 60 days for both fiscal 2017 and 2018, reflecting the negative outlook of analysts. For fiscal 2017, the estimate has dipped 13% to $2.56 in the past 60 days. For fiscal 2018, the estimate has declined 12% to $2.83 per share.
Negative Surprise History
Bemis had posted negative earnings surprise of 10.77% in the first quarter of 2017. The company has an average negative earnings surprise of 1.93% in the past four quarters.
Underperforming the Industry
The stock has dipped 7% in the last one year, grossly underperforming the Zacks categorized Zacks Investment Research
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