Advertisement

What Falling Estimates & Price Mean for Mazor Robotics (MZOR)

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 Mazor Robotics Ltd. (MZOR), 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 MZOR.

A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen three estimates moving down in the past 30 days, compared with no upward revision. This trend has caused the consensus loss estimate to widen, going from a loss of 63 cents a share a month ago to its current loss level of 72 cents.

Also, for the current quarter, Mazor Robotics has seen one downward estimate revision versus one revision in the opposite direction, dragging the consensus loss estimate to widen to a loss of 16 cents a share from a loss of 15 cents over the past 30 days.

The stock also has seen some pretty dismal trading lately, as the share price has dropped 10.5% in the past month.

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 Medical Instruments industry, you may instead consider some better-ranked stocks including AngioDynamics Inc. (ANGO), Edwards Lifesciences Corp. (EW) and Intersect ENT, Inc. (XENT). While AngioDynamics holds a Zacks Rank #1 (Strong Buy), Edwards Lifesciences and Intersect ENT carry a Zacks Rank #2 (Buy) and may be better selections at this time.

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 >>



MAZOR ROBOTICS LTD ADS (MZOR): Free Stock Analysis Report


Zacks Investment Research