WageWorks (WAGE) Crumbles: Stock Falls by 5.8%

WageWorks, Inc. (WAGE) saw a big move last session, as the company’s shares fell by nearly 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This stock, trading at a volatile range of $40.80–$49.90 in the past one-month time frame, showed a sharp decline yesterday at $47.01.

This on-demand tax-advantaged programs provider has seen a mixed track record when it comes to current year estimate revisions over the past few weeks (0 increases, 1 decreases) and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.

WAGE currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the Business Services industry include Avis Budget Group, Inc. (CAR), Cardtronics Inc. (CATM) and Core-Mark Holding Company, Inc. (CORE). While Avis Budget Group holds a Zacks Rank #1 (Strong Buy), Cardtronics and Core-Mark Holding hold a Zacks Rank#2 (Buy).

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WAGEWORKS INC (WAGE): Free Stock Analysis Report

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