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MARKETS LIVE BLOG:

STOCKS OPEN MIXED, TESLA SURGES DAY AFTER EARNINGS

Tesla shares jump after EV maker vows to speed up launch of more affordable models

SiteOne Landscape (SITE) Surges: Stock Moves 6.2% Higher

Zacks Equity Research
Updated

SiteOne Landscape Supply, Inc. SITE was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is now down 20.7% in the past one-month time frame.

The company has seen one negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

SiteOne Landscape currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.

SiteOne Landscape Supply, Inc. Price

SiteOne Landscape Supply, Inc. Price | SiteOne Landscape Supply, Inc. Quote

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A better-ranked stock in the Industrial Services industry is Harsco Corporation HSC, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is SITE going up? Or down? Predict to see what others think:Up or Down

More Stock News: This Is Bigger than the iPhone!
 
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
 
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Harsco Corporation (HSC) : Free Stock Analysis Report
 
SiteOne Landscape Supply, Inc. (SITE) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research