HOUSTON, TX — Encompass Services Corp., citing that second-half results will miss Wall Street expectations, saw its stock prices slide 31% on Monday, Oct. 2. The slide drove the price down from $7.25 per share to $5.00.
The company anticipates reporting third-quarter earnings of $0.16 to $0.18 per diluted share, compared to current First Call/Thomson Financial consensus estimates of $0.42 per diluted share. For the fourth quarter, the company estimates it will report earnings of $0.25 to $0.30 per diluted share, below consensus estimates of $0.38.