Fleetwood Corp Ltd lags on analyst revisions among
56 companies in Australia's consumer discretionary sector,
tracked by at least three analysts, data from Thomson Reuters
The caravan manufacturer has an Analyst Revision Model (ARM)
score of 5, the lowest in the sector. This score has declined 25
points over the past 30 days.
It also has below-average Value-Momentum (Val-Mo) and
Smartholdings (SH) scores of 36 and 33 respectively. The company
has a slightly above-average Earnings Quality (EQ) score of 64.
This score declined 17 points since the company's full-year
results were announced on Sept. 28.
Four of the 11 analysts tracking the stock have cut their
mean EPS estimates on the firm for 2013 and 2014 by an average
of approximately 14 percent each since Oct. 22.
Of the 11, six give it a "strong buy" or "buy" and four have
a "hold", while one recommends a "sell".
The stock currently trades at 57 percent of its intrinsic
value of A$18.02. Fleetwood Corp's stock price is down nearly 15
percent so far this year, while the broader index is up
9.6 percent for the same period as of Tuesday's close.
Two other firms in the Aussie consumer discretionary sector
with low ARM scores are Southern Cross Media Group and
Fairfax Media Ltd with 9 and 10 respectively. At the
other end of the spectrum, Kathmandu Holdings leads the
sector with an ARM score of 99.
Fleetwood said last month it would transfer its Windsor
unit's caravan manufacturing activities to its main facility in
Western Australia. This transfer will result in a one-off charge
in the first half of FY 2013.
StarMine's Analyst Revision Model ranks stocks based on
analysts' revision of earnings and revenue estimates and changes
in their ratings and usually gives additional weight to analysts
who have been more accurate in the past.
StarMine's Val-Mo model combines relative and intrinsic
valuation tools, along with analysts' earnings revisions and
price momentum tools. It provides a 1-100 percentile ranking of
The StarMine SmartHoldings model is a global stock selection
model that ranks stocks based on the expected future increase,
or decrease, in institutional ownership.
The Earnings Quality model is a percentile (1-100) ranking
of stocks based on sustainability of earnings, with 100
representing the highest rank.
(Reporting by Reshma Apte; Editing by Jijo Jacob)