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Fly Leasing (FLY) in Focus: Stock Moves 10% Higher

Fly Leasing Limited FLY was a big mover last session, as the company saw its shares rise nearly 10% 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 down 9.6% in the past one-month time frame.

The company has seen one negative estimate revision in the past month, while its Zacks Consensus Estimate for the current quarter has also moved lower in the same time frame, 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.

Fly Leasing currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

A better-ranked stock in the Transportation – Equipment and Leasing industry is CAI International, Inc. CAI, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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Fly Leasing Limited (FLY): Free Stock Analysis Report
 
CAI International, Inc. (CAI): Free Stock Analysis Report
 
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