Three stocks have been added to the Zacks Rank #5 (Strong Sell) List today: Agilon Health (AGL), Cross Country Healthcare (CCRN), and Golden Ocean Group (GOGL). The Zacks Consensus Estimate for their current year earnings has been revised downward significantly over the last 60 days.
Title: Three Stocks Added to Zacks Rank #5 (Strong Sell) List
Three stocks have been added to the Zacks Rank #5 (Strong Sell) List today: Agilon Health (AGL), Cross Country Healthcare (CCRN), and Golden Ocean Group (GOGL). The Zacks Consensus Estimate for their current year earnings has been revised downward significantly over the last 60 days.
Agilon Health (AGL) has seen its Zacks Consensus Estimate for the current year revised almost 80% downward over the past 60 days. This substantial downward revision reflects growing concerns about the company's financial prospects and market performance [1].
Cross Country Healthcare (CCRN), a national leader in providing innovative healthcare workforce solutions and staffing services, has had its Zacks Consensus Estimate for the current year revised almost 39.4% downward over the same period. The significant downward revision underscores the challenges the company is facing in its operations and market positioning [1].
Golden Ocean Group (GOGL), a shipping company specializing in the transportation of dry bulk cargoes, has seen its Zacks Consensus Estimate for the current year revised 35.9% downward. This downward revision indicates a decline in analyst optimism about the company's financial health and future performance [1].
These downward revisions in earnings estimates suggest that investors should exercise caution when considering these stocks. The Zacks Rank #5 (Strong Sell) designation indicates that the stocks are expected to underperform the broader market. Investors should closely monitor these companies' financial reports and any updates on their business operations to make informed investment decisions.
References:
[1] https://finance.yahoo.com/news/strong-sell-stocks-august-20th-102100346.html
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