Bear Of The Day: Gibraltar Industries (ROCK)

Gibraltar Industries (ROCK - Free Report) is a stock that I really like... so why would I profile it on a the Bear of the Day?  I see the stock recently beat, so this is a good opportunity to explain why it is a Zacks Rank #5 (Strong Sell) and also look forward for future opportunities. 

Great Ticker

Before I get to the meat of this article, let's give the due and proper respect to Gibraltar Industries for having one of the best tickers in the market.  I know there are a few other 'word' tickers, but ROCK is among my favorites.

Description

Gibraltar Industries, Inc. is a leading manufacturer, processor, and distributor of metals and other engineered materials for the building products, vehicular, and other industrial markets.

Earnings History

So the first spot I look is the earnings history, but this looks really good to me:

Earnings Estimates

After seeing a good earnings history, the next step is to look at the earnings estimate revisions.

As we can see there were 2 negative revisions to this quarter, the next quarter, this year and next year as well.  That is the major reason why the stock has fallen to a Zacks Rank #5 (Strong Sell).

Zacks Consensus

Here is a look at the recent move in the Zacks Consensus Estimate:

We can see that the current quarter slipped by $0.08 and the next quarter fell by $0.04.  

Gibraltar Industries, Inc. Price and Consensus

Gibraltar Industries, Inc. Price and Consensus | Gibraltar Industries, Inc. Quote

 

Disclosure: Zacks.com contains statements and statistics that have been obtained from sources believed to be reliable but are not guaranteed as to accuracy or completeness. References to any specific ...

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