Verso Corporation closed the most recent trading day at $29.67, moving +0.88% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.04%. At the same time, the Dow added 0.26%, and the tech-heavy Nasdaq lost 0.48%.
Prior to today's trading, shares of the company had gained 2.15% over the past month. This has outpaced the Basic Materials sector's loss of 5.4% and the S&P 500's loss of 4.53% in that time.
Investors will be hoping for strength from VRS as it approaches its next earnings release, which is expected to be November 13, 2018. The company is expected to report EPS of $1.73, up 620.83% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $714.15 million, up 15% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.09 per share and revenue of $2.72 billion, which would represent changes of +512% and +10.66%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for VRS. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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. The Zacks Consensus EPS estimate has moved 53.73% higher within the past month. VRS is holding a Zacks Rank of #1 (Strong Buy) right now.
Investors should also note VRS's current valuation metrics, including its Forward P/E ratio of 9.52. Its industry sports an average Forward P/E of 11.07, so we one might conclude that VRS is trading at a discount comparatively.
The Paper and Related Products industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 75, which puts it in the top 29% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Verso Corporation (VRS) Gains As Market Dips: What You Should Know
Verso Corporation closed the most recent trading day at $29.67, moving +0.88% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.04%. At the same time, the Dow added 0.26%, and the tech-heavy Nasdaq lost 0.48%.
Prior to today's trading, shares of the company had gained 2.15% over the past month. This has outpaced the Basic Materials sector's loss of 5.4% and the S&P 500's loss of 4.53% in that time.
Investors will be hoping for strength from VRS as it approaches its next earnings release, which is expected to be November 13, 2018. The company is expected to report EPS of $1.73, up 620.83% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $714.15 million, up 15% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.09 per share and revenue of $2.72 billion, which would represent changes of +512% and +10.66%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for VRS. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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. The Zacks Consensus EPS estimate has moved 53.73% higher within the past month. VRS is holding a Zacks Rank of #1 (Strong Buy) right now.
Investors should also note VRS's current valuation metrics, including its Forward P/E ratio of 9.52. Its industry sports an average Forward P/E of 11.07, so we one might conclude that VRS is trading at a discount comparatively.
The Paper and Related Products industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 75, which puts it in the top 29% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
You can find more information on all of these metrics, and much more, on Zacks.com.