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What Falling Estimates & Price Mean for Quintana Energy (QES)

Zacks Equity Research

Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns. Selling off losers can be difficult, but if both the share price and estimates are falling, it could be time to get rid of the security before more losses hit your portfolio.

One such stock that you may want to consider dropping is Quintana Energy Services Inc. QES, which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #4 (Sell) further confirms weakness in QES.

A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen two estimates moving down in the past 30 days, compared with no upward revisions. This trend has caused the consensus estimate to trend lower, going from a loss of 20 cents per share a month ago to its current level of a loss of 45 cents.

Also, for the current quarter, Quintana Energy has seen two downward estimate revisions versus no revisions in the opposite direction, dragging the consensus estimate down to a loss of 2 cents a share from earnings of 2 cents over the past 30 days.

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The stock also has seen some pretty dismal trading lately, as the share price has dropped 19.5% in the past month.

Quintana Energy Services Inc. Price and Consensus

Quintana Energy Services Inc. Price and Consensus | Quintana Energy Services Inc. Quote

So, it may not be a good decision to keep this stock in your portfolio anymore, at least if you don’t have a long-time horizon to wait.

If you are still interested in the Building Products - Home Builders industry, you may instead consider a better-ranked stock - Taylor Morrison Home Corporation TMHC. The stock currently holds a Zacks Rank #2 (Buy) and may be a better selection at this time. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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