Reasons To Steer Clear From NCI Building Systems (NCS) Now
Zacks Investment Research | Nov 26, 2017 09:17PM ET
NCI Building Systems Inc. (NYSE:NCS) has observed negative earnings estimate revisions for the current quarter and current year. It has also witnessed a price decline in the past six months. The company’s current quarter results are anticipated to bear the impact of Hurricane Harvey as well as lower volumes in the legacy Components segment due to lingering weak markets.
For the current quarter, NCI Building Systems has seen one downward estimate revision compared with no revisions in the opposite direction, dragging the consensus estimate down to 28 cents a share from 32 cents over the past 60 days — a drop of 13%.
For fiscal 2017 and 2018, we have seen two estimates moving down in the past 60 days, compared with no upward revisions. This trend has caused the Zacks Consensus Estimate for fiscal 2017 to trend lower, going from 80 cents a share to current level of 78 cents.
In the past year, the stock has also underperformed the Zacks Investment Research
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