Yahoo Finance Vistra Corp. (VST) Rises Higher Than Market: Key Facts
The most recent trading session ended with Vistra Corp. (VST) standing at $66.72, reflecting a +1.61% shift from the previouse trading day's closing. The stock's change was more than the S&P 500's daily gain of 0.87%. At the same time, the Dow added 0.67%, and the tech-heavy Nasdaq gained 1.11%.
Coming into today, shares of the company had lost 4.96% in the past month. In that same time, the Utilities sector lost 6.5%, while the S&P 500 lost 3.97%.
Analysts and investors alike will be keeping a close eye on the performance of Vistra Corp. in its upcoming earnings disclosure. The company's earnings report is set to go public on May 8, 2024. The company is forecasted to report an EPS of $0.40, showcasing a 200% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.05 billion, down 8.44% from the year-ago period.
VST's full-year Zacks Consensus Estimates are calling for earnings of $3.61 per share and revenue of $18.01 billion. These results would represent year-over-year changes of +0.56% and +21.88%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Vistra Corp. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 15.36% downward. As of now, Vistra Corp. holds a Zacks Rank of #3 (Hold).
In the context of valuation, Vistra Corp. is at present trading with a Forward P/E ratio of 18.19. This expresses a premium compared to the average Forward P/E of 15.19 of its industry.
The Utility - Electric Power industry is part of the Utilities sector. This industry currently has a Zacks Industry Rank of 100, which puts it in the top 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Vistra Corp. (VST) : Free Stock Analysis Report
