Reasons To Dump NCI Building Systems From Your Portfolio
Zacks Investment Research | Oct 09, 2017 07:05AM ET
NCI Building Systems Inc. (NYSE:NCS) has observed negative earnings estimate revisions for the current quarter, the current year as well as the next. It has also witnessed a price decline in the past six months.
For the current quarter, NCI Building Systems has seen two downward estimate revisions versus no revisions in the opposite direction, dragging the consensus estimate down to 32 cents a share from 42 cents over the past 30 days — a drop of 24%.
For fiscal 2017 and 2018, we have seen two estimates moving down in the past 30 days, compared with no upward revisions. This trend has caused the Zacks Consensus Estimate for fiscal 2017 to trend lower, going from 94 cents a share a month ago to its current level of 80 cents. Further, the Zacks Consensus Estimate for fiscal 2018 has slumped 11% to $1.05.
In the past year, the stock has also underperformed the Zacks Investment Research
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