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Vista Outdoor (VSTO) Outpaces Stock Market Gains: What You Should Know
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In the latest trading session, Vista Outdoor (VSTO - Free Report) closed at $37.69, marking a +1.34% move from the previous day. The stock outpaced the S&P 500's daily gain of 1.24%. At the same time, the Dow added 1.23%, and the tech-heavy Nasdaq gained 0.15%.
Coming into today, shares of the maker of firearms, ammunition and accessories had gained 2.56% in the past month. In that same time, the Consumer Discretionary sector lost 8.26%, while the S&P 500 lost 2.45%.
Wall Street will be looking for positivity from Vista Outdoor as it approaches its next earnings report date. In that report, analysts expect Vista Outdoor to post earnings of $1.81 per share. This would mark year-over-year growth of 77.45%. Meanwhile, our latest consensus estimate is calling for revenue of $761.84 million, up 27.71% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $8.06 per share and revenue of $3 billion. These totals would mark changes of +120.22% and +34.71%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Vista Outdoor. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Vista Outdoor is currently a Zacks Rank #3 (Hold).
Investors should also note Vista Outdoor's current valuation metrics, including its Forward P/E ratio of 4.61. This valuation marks a discount compared to its industry's average Forward P/E of 9.03.
The Leisure and Recreation Products industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 161, which puts it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Vista Outdoor (VSTO) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Vista Outdoor (VSTO - Free Report) closed at $37.69, marking a +1.34% move from the previous day. The stock outpaced the S&P 500's daily gain of 1.24%. At the same time, the Dow added 1.23%, and the tech-heavy Nasdaq gained 0.15%.
Coming into today, shares of the maker of firearms, ammunition and accessories had gained 2.56% in the past month. In that same time, the Consumer Discretionary sector lost 8.26%, while the S&P 500 lost 2.45%.
Wall Street will be looking for positivity from Vista Outdoor as it approaches its next earnings report date. In that report, analysts expect Vista Outdoor to post earnings of $1.81 per share. This would mark year-over-year growth of 77.45%. Meanwhile, our latest consensus estimate is calling for revenue of $761.84 million, up 27.71% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $8.06 per share and revenue of $3 billion. These totals would mark changes of +120.22% and +34.71%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Vista Outdoor. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Vista Outdoor is currently a Zacks Rank #3 (Hold).
Investors should also note Vista Outdoor's current valuation metrics, including its Forward P/E ratio of 4.61. This valuation marks a discount compared to its industry's average Forward P/E of 9.03.
The Leisure and Recreation Products industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 161, which puts it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.