Vistra Corp. (VST) closed the most recent trading day at $190.40, moving +2.19% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 0.8%. Meanwhile, the Dow gained 0.94%, and the Nasdaq, a tech-heavy index, added 0.97%.
The stock of company has risen by 14.76% in the past month, leading the Utilities sector's loss of 0.37% and the S&P 500's gain of 5.12%.
Investors will be eagerly watching for the performance of Vistra Corp. in its upcoming earnings disclosure. On that day, Vistra Corp. is projected to report earnings of $1.32 per share, which would represent year-over-year growth of 46.67%. Our most recent consensus estimate is calling for quarterly revenue of $5.26 billion, up 36.83% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $6.45 per share and revenue of $22.2 billion, indicating changes of -7.86% and +28.91%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Vistra Corp. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 3.64% higher within the past month. Vistra Corp. currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Vistra Corp. is holding a Forward P/E ratio of 28.9. Its industry sports an average Forward P/E of 17.66, so one might conclude that Vistra Corp. is trading at a premium comparatively.
We can additionally observe that VST currently boasts a PEG ratio of 2.19. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Utility - Electric Power stocks are, on average, holding a PEG ratio of 2.58 based on yesterday's closing prices.
The Utility - Electric Power industry is part of the Utilities sector. With its current Zacks Industry Rank of 81, this industry ranks in the top 33% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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
Vistra Corp. (VST): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
