Vista Outdoor (VSTO) Dips More Than Larger Markets: What You Need to Know
Vista Outdoor (VSTO) closed the most recent trading day at $ 40.78, or -1.88% from the previous trading session. This move fell behind the S&P 500’s 1.7% daily loss.
Prior to today’s stock market, shares of the gun, ammunition and accessories maker had gained 2.49% in the past month. This exceeded the 1.73% gain of the consumer discretionary sector and the 0.27% loss of the S&P 500 during this period.
VSTO will seek to show its strength as the next publication of its results approaches. On that day, VSTO is expected to report earnings of $ 1.77 per share, which would represent annual growth of 60.91%. Meanwhile, our latest consensus estimate projects revenue of $ 723.34 million, up 25.76% from the previous year’s quarter.
For the full year, our consensus estimates from Zacks suggest analysts expect earnings of $ 6.09 per share and revenue of $ 2.78 billion. These totals would mark changes of + 66.39% and + 24.75%, respectively, from a year ago.
Any recent changes in analyst estimates for VSTO should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. Thus, the positive estimate revisions reflect the optimism of analysts about the business and profitability of the company.
Research indicates that these estimate revisions are directly correlated with short-term stock price dynamics. We have developed the Zacks Rank to capitalize on this phenomenon. Our system takes these rating changes into account and provides a clear and actionable scoring model.
Ranging from # 1 (strong buy) to # 5 (strong sell), the Zacks ranking system has a proven and externally audited track record of outperformance, with # 1 stocks returning an average of + 25% per year since. 1988. The Zacks Consensus EPS estimate rose 0.16% over the past month. VSTO currently holds a Zacks # 1 rank (strong buy).
Looking at its valuation, VSTO holds a forward P / E ratio of 6.83. Its industry has an average forward P / E of 10.71, so one could conclude that VSTO is trading at a comparatively discount.
The leisure and leisure products industry is part of the consumer discretionary sector. This industry currently has a Zacks Industry Rank of 35, which places it in the top 14% of all 250+ industries.
The Zacks Industry Rank includes is ranked from best to worst in terms of the average Zacks Rank of individual companies in each of these industries. Our research shows that the top 50% of industries top the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock market metrics and more on Zacks.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.