Verso Corporation closed the most recent trading day at $28.34, moving +1% from the previous trading session. This move lagged the S&P 500's daily gain of 1.29%. Meanwhile, the Dow gained 1.55%, and the Nasdaq, a tech-heavy index, added 1.27%.
VRS will be looking to display strength as it nears its next earnings release, which is expected to be November 13, 2018. In that report, analysts expect VRS to post earnings of $1.73 per share. This would mark year-over-year growth of 620.83%. Meanwhile, our latest consensus estimate is calling for revenue of $714.15 million, up 15% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.09 per share and revenue of $2.72 billion. These totals would mark changes of +512% and +10.66%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for VRS. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. VRS is currently sporting a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, VRS is holding a Forward P/E ratio of 9.08. This represents a discount compared to its industry's average Forward P/E of 10.89.
The Paper and Related Products industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 41, putting it in the top 16% 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.
To follow VRS in the coming trading sessions, be sure to utilize Zacks.com.
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Verso Corporation (VRS) Gains But Lags Market: What You Should Know
Verso Corporation closed the most recent trading day at $28.34, moving +1% from the previous trading session. This move lagged the S&P 500's daily gain of 1.29%. Meanwhile, the Dow gained 1.55%, and the Nasdaq, a tech-heavy index, added 1.27%.
VRS will be looking to display strength as it nears its next earnings release, which is expected to be November 13, 2018. In that report, analysts expect VRS to post earnings of $1.73 per share. This would mark year-over-year growth of 620.83%. Meanwhile, our latest consensus estimate is calling for revenue of $714.15 million, up 15% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.09 per share and revenue of $2.72 billion. These totals would mark changes of +512% and +10.66%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for VRS. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. VRS is currently sporting a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, VRS is holding a Forward P/E ratio of 9.08. This represents a discount compared to its industry's average Forward P/E of 10.89.
The Paper and Related Products industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 41, putting it in the top 16% 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.
To follow VRS in the coming trading sessions, be sure to utilize Zacks.com.