In the latest trading session, VirTra, Inc. (VTSI) closed at $6.03, marking a -3.52% move from the previous day. This move lagged the S&P 500's daily gain of 1.23%. Meanwhile, the Dow gained 0.72%, and the Nasdaq, a tech-heavy index, added 1.86%.
Prior to today's trading, shares of the company had gained 16.17% outpaced the Aerospace sector's gain of 3.51% and the S&P 500's gain of 2.45%.
The investment community will be paying close attention to the earnings performance of VirTra, Inc. in its upcoming release. The company's upcoming EPS is projected at $0.05, signifying steadiness compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $7.48 million, unchanged from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.33 per share and a revenue of $29.79 million, representing changes of +175% and +10.12%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for VirTra, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Within the past 30 days, our consensus EPS projection remained stagnant. Currently, VirTra, Inc. is carrying a Zacks Rank of #3 (Hold).
With respect to valuation, VirTra, Inc. is currently being traded at a Forward P/E ratio of 18.94. For comparison, its industry has an average Forward P/E of 18.94, which means VirTra, Inc. is trading at no noticeable deviation to the group.
The Electronics - Military industry is part of the Aerospace sector. With its current Zacks Industry Rank of 95, this industry ranks in the top 39% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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VirTra, Inc. (VTSI): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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