EUR/USD Consolidation after the Gap is Bullish

kulifmor.com
First Data Corp (FDC) isnt exactly a new stock, but a recent IPO means that the slate was pretty much wiped clean. That said, the company missed the Zacks Consensus Estimate and the stock has slipped to a Zacks Rank #5 (Strong Sell) and today it is the Bear of the Day. The Numbers FDC missed the Zacks Consensus Estimate of $0.17 by $0.24 for a 141% negative earnings surprise. Revenues came well ahead of expectations at $2.9B for an 56% positive revenue surprise. Description First Data Corp provides payment processing to merchants and financial institutions. Earnings History There is only one report for this stock, so there isnt really enough data here to make a proper investment decision. A wise investor will generally wait for at least four quarters of information even though this company has been around for many years. Estimates Here is the real reason the stock is a Zacks Rank #5 (Strong Sell) and the Bear of the Day. The Zacks Consensus Estimate has fallen in each of the last two months. The FY16 estimate stood at $1.12 in January but fell to $1.03 in February and is now down to $1.02 in March. Next year is seeing an even larger move to the downside, with numbers sliding from $1.43 to $1.39 down to $1.32 over the same time period as mentioned above. That is the reason this stock is a Zacks Rank #5 (Strong Sell). Chart Zacks has developed a chart that helps investors see how earnings estimates have impacted the price of the stock over the last several years. We call this chart the price and consensus chart, and each color coded lines represents analyst estimates over a designated year. As estimates increase, the stock tends to follow. The Zacks Rank is impacted by earnings estimate increases, beats and incorporates the idea of analyst agreement and magnitude. As a Zacks Rank #5 (Strong Sell) we see that estimates are moving higher. Follow Brian Bolan on twitter at @BBolan1 Brian Bolan is a Stock Strategist for Zacks.com. He is the Editor in charge of the Zacks Stocks Under $10, an investor service , where he recommends the stocks in the portfolio. Brian also runs the brand new Zacks Game Changers where he looks for stocks that are disrupting their industries and reaping big gains. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report To read this article on Zacks.com click here. Zacks Investment Research View comments
# The Complex Relationship Between Alcohol and Brain Health
A humorous take on the conflicting studies surrounding alcohol consumption and brain health.