We recently compiled a list of the 10 Stocks Battered by Bearish Outlooks. In this article, we are going to take a look at where Clarivate Plc (NYSE:CLVT) stands against the other stocks.
Ten firms ended Tuesday suffering a sell-off, as investor sentiment continues to be dampened by macroeconomic uncertainties and bearish outlooks from analysts and their management.
The stocks–three of which belong to the travel and tourism industry–registered losses following lower outlook guidance, taking into account the potential effects of President Donald Trump’s trade war with other countries.
The pessimistic sentiment mirrored the broader market decline, with the Dow Jones slashing another 1.14 percent during the day, the S&P dropping 0.76 percent, and the Nasdaq dipping 0.18 percent.
To come up with the list, we considered only the stocks with at least $2 billion in market capitalization and $5 million in trading volume.
A state-of-the-art computer lab filled with engineers working on new analytics technologies.
Clarivate Plc (NYSE:CLVT)
Clarivate Plc dropped for a second straight day on Tuesday, losing 6 percent to end at $4.07 each as investors sold off positions amid the lack of fresh catalysts to boost buying appetite.
Clarivate Plc, a data and analytics company, has earned a generally pessimistic outlook from analysts.
Following its earnings results last month, nine analysts gave the company a consensus revenue target of $2.39 billion, representing a 6.5-percent decline from its full-year 2024 revenue.
The loss per share is expected to decrease in the future by 89 percent to $0.11 each.
Prior to its earnings outcome, analysts covering the company initially gave Clarivate Plc a revenue target of $2.55 billion and a loss per share of $0.054.
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This article is originally published at Insider Monkey.