Yahoo Finance Volkswagen AG Unsponsored ADR (VWAGY) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Volkswagen AG Unsponsored ADR (VWAGY) closed at $16.06, marking a +1.91% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.95%. At the same time, the Dow added 0.35%, and the tech-heavy Nasdaq gained 4.73%.
Heading into today, shares of the company had lost 6.25% over the past month, lagging the Auto-Tires-Trucks sector's loss of 4.54% and the S&P 500's gain of 0.3% in that time.
Wall Street will be looking for positivity from Volkswagen AG Unsponsored ADR as it approaches its next earnings report date. In that report, analysts expect Volkswagen AG Unsponsored ADR to post earnings of $0.81 per share. This would mark a year-over-year decline of 44.9%.
It is also important to note the recent changes to analyst estimates for Volkswagen AG Unsponsored ADR. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 3.81% higher. Volkswagen AG Unsponsored ADR is holding a Zacks Rank of #2 (Buy) right now.
Investors should also note Volkswagen AG Unsponsored ADR's current valuation metrics, including its Forward P/E ratio of 4.63. Its industry sports an average Forward P/E of 6.8, so we one might conclude that Volkswagen AG Unsponsored ADR is trading at a discount comparatively.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 35, putting it in the top 14% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Volkswagen AG Unsponsored ADR (VWAGY) : Free Stock Analysis Report
