At the latest market close, Vistra Corp. (VST) hit $87.22, up +1.52% from the previous day. The company’s shares outperformed the S&P 500, which gained 0.09% on the day, while the Dow rose 0.09% and the tech-heavy Nasdaq added 0.3%.
Shares of the company have fallen 17.09% over the past month, lagging behind the Utilities sector’s loss of 3.42% and the S&P 500’s gain of 3.38%.
Vistra’s upcoming earnings release will be of major interest to investors, as the company’s earnings per share (EPS) are expected to be $0.11, down 89.32% from the year-ago quarter, while our current consensus estimates are calling for revenue of $3.97 billion, up 24.41% from the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $3.95 per share and revenue of $17.0 billion, which would represent increases of 10.03% and 15%, respectively, from the prior year.
Additionally, it is beneficial for investors to monitor recent changes to analyst estimates for Vistra Corp. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, positive changes in estimates suggest that analysts have a favorable outlook on the company’s business health and profitability.
Research shows that these estimate revisions are directly correlated with near-term share price momentum, so to capitalize on this, we have created the Zacks Rank, a proprietary model which incorporates these estimate changes and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has a proven, outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 9.43% higher. Vistra Corp. currently sports a Zacks Rank #1 (Strong Buy).
Investors should also note Vistra’s current valuation metrics such as its Forward P/E ratio of 21.77, which marks it as expensive compared to its industry’s average Forward P/E ratio of 14.94.
The Utilities – Power industry is a part of the Utilities sector. This industry is currently ranked 94 in the Zacks Industry Rank, putting it in the top 38% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by determining the average Zacks Rank of the individual stocks that make up the groups, and our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to stay up to date on all the indicators moving the stock during the next trading session by utilizing Zacks.com.
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