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Surging Earnings Estimates Signal Good News for Vistra Energy (VST)

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Vistra Energy Corp. (VST - Free Report) is an energy company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on VST’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Vistra Energy could be a solid choice for investors.

Current Quarter Estimates for VST

In the past 30 days, two estimates have gone higher for Vistra Energy while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing 6 cents a share 30 days ago, to 35 cents today, a move of over 100%.

Current Year Estimates for VST

Meanwhile, Vistra Energy’s current year figures are also looking quite promising, with three estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 70 cents a share 30 days ago, to 89 cents today, an increase of 27.1%.

Bottom Line

The stock has also started to move higher lately, adding 7.9% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 (Buy) stock to profit in the near future. You can the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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