9 Companies That Destroyed Shareholders Last Week

Investing

Published: November 15, 2015 9:51 am

Last Updated: January 13, 2020 5:11 pm

Looking at the past week, earnings did not help at all. The Dow slid 665 points! For the first part of this earnings season, we saw incredible earnings and superb growth in the markets. In fact, this was perhaps the best performance by the broad markets for the month of October in the past four years. However, this past week highlighted a few companies that missed their earnings, contrary to this earlier trend.

24/7 Wall St. has picked out a few of the key losers from this past week for a review, and we have included a recent trading history, consensus targets and a 52-week trading range.

Flotek Industries

Flotek Industries Inc. (NYSE: FTK) had a crushing week that absolutely demolished its shares. The report was concerning its FracMax, that it might not perform as it should. Over the course of the week, the stock was down 47%, and it is down 49% year to date.

Flotek shares were last trading at $9.14 on Friday, with a consensus analyst price target of $16.75 and a 52-week trading range of $8.12 to $23.31.

Fossil

Fossil Group Inc. (NASDAQ: FOSL) reported earnings on Thursday after the markets closed. The company had $1.19 in earnings per share (EPS) on $771.3 million in revenue. Consensus estimates from Thomson Reuters had called for $1.13 in EPS on revenue of $794.36 million. However, guidance is what killed the cat in this case.

Fossil expects net sales in the coming quarter to decrease in the range of 11% to 12% and EPS to be in the range of $1.40 to $2.00. Consensus estimates call for $2.12 in EPS on $1.02 billion in revenue. Over the course of the week, the stock had been down 8%, and is down over 50% year to date.

Fossil shares were last trading down nearly 34% at $33.79 late on Friday, with a consensus analyst price target of $65.93 and a 52-week trading range of $33.75 to $112.74.

Freeport-McMoRan

Freeport-McMoRan Inc. (NYSE: FCX) saw its slide start last week, but ahead of Friday its down-day losing streak was already 7 days in a row. Over the course of the week, the stock was down 23.6%, and it is down 61% year to date.

Freeport-McMoRan shares were last trading at $8.71 on Friday, with a consensus analyst price target of $14.57 and a 52-week trading range of $7.76 to $29.92.

ALSO READ: Retail Stocks That Got Slaughtered This Week
El Pollo Loco

El Pollo Loco Holdings Inc. (NASDAQ: LOCO) missed analyst expectations in its most recent earnings report. The company reported $0.12 in EPS on $88.9 million compared to the consensus estimates of $0.15 in EPS on $90.4 million in revenue.

Over the course of the week, El Pollo Loco’s stock was up 1.4%, and it is down 42% year to date. Shares were last trading down 6% at $10.78 on Friday, with a consensus analyst price target of $18.40 and a 52-week trading range of $9.60 to $34.68.

MAXIMUS

MAXIMUS Inc. (NYSE: MMS) reported its fiscal fourth quarter earnings on Thursday morning. The sell-off was primarily based on a weaker than expected outlook for its EPS in 2016, the range was reduced to $2.40 to $2.70 from the previous level of $2.85 to $3.05.

Over the course of the week, MAXIMUS shares were down 22%, and it is down 2% year to date. Shares were last trading at $53.30 on Friday, with a consensus analyst price target of $75.80 and a 52-week trading range of $47.95 to $70.00.

Petrobras

Petróleo Brasileiro S.A. (NYSE: PBR) was tanking this week on news that its workers union had rejected another contract offer. As a result the workers’ strike is continuing for about two weeks at this point. Over the course of the week, the stock was down 9%, and it is down 35% year to date.

Petrobras shares were last trading at $4.56 on Friday, with a consensus analyst price target of $6.70 and a 52-week trading range of $3.72 to $11.13.

Plug Power

Plug Power Inc. (NASDAQ: PLUG) reported less than favorable earnings news early Monday morning. These results would ripple into Tuesday’s session further dropping shares. This company has not generated a positive cash inflow in nearly 20 years of being a public company.

Over the course of the week, Plug Power’s stock was down 38%, and it is down about 40% year to date. Shares were last trading at $1.88 on Friday, with a consensus analyst price target of $3.10 and a 52-week trading range of $1.56 to $4.16.

SunEdison

SunEdison Inc. (NYSE: SUNE) had relatively mixed earnings for its third quarter financial results that it reported Tuesday morning. This company even traded over 100 million shares for 3 days in a row. Over the course of the week, the stock was down 39%, and it is down 77% year to date.

SunEdison shares were last trading up 13% at $5.14 on Friday, with a consensus analyst price target of $19.53 and a 52-week trading range of $4.06 to $33.45.

ALSO READ: 10 Brands That Will Disappear in 2016

Vipshop

Vipshop Holdings Ltd. (NYSE: VIPS) lowered guidance on warmer than expected fall weather in China causing delays in buying for autumn and winter apparel. Over the course of the week, the stock was down 12%, and it is down less than 5% year to date.

Vipshop’s shares were last trading down nearly 25% at $13.99 on Friday, with a consensus analyst price target of $26.59 and a 52-week trading range of $12.86 to $30.72.

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