It has been a few month because the final earnings report for Huntsman (HUN). Shares have misplaced about 2% in that timeframe, outperforming the S&P 500.
Will the current detrimental pattern proceed main as much as its subsequent earnings launch, or is Huntsman due for a breakout? Earlier than we dive into how traders and analysts have reacted as of late, let’s take a fast take a look at the newest earnings report to be able to get a greater deal with on the essential catalysts.
How Have Estimates Been Transferring Since Then?
It seems, estimates revision have trended downward in the course of the previous month.
The consensus estimate has shifted -2740% as a result of these adjustments.
VGM Scores
At the moment, Huntsman has a median Progress Rating of C, although it’s lagging a bit on the Momentum Rating entrance with a D. Charting a considerably related path, the inventory was allotted a grade of C on the worth aspect, placing it within the center 20% for this funding technique.
General, the inventory has an combination VGM Rating of C. When you aren’t targeted on one technique, this rating is the one you ought to be all for.
Outlook
Estimates have been broadly trending downward for the inventory, and the magnitude of those revisions signifies a downward shift. It is no shock Huntsman has a Zacks Rank #5 (Robust Promote). We anticipate a beneath common return from the inventory within the subsequent few months.
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Huntsman Corporation (HUN) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
