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Will Vector (VGR) Gain on Rising Earnings Estimates?
VGRVector .(VGR) ZACKS· ZACKS·2024-08-22 17:20

Core Viewpoint - Vector Group (VGR) shows a significant improvement in earnings outlook, making it an attractive investment option as analysts continue to raise earnings estimates for the company [1][2]. Estimate Revisions - The upward trend in earnings estimate revisions for Vector reflects growing analyst optimism regarding its earnings prospects, which is expected to positively impact its stock price [2]. - For the current quarter, Vector is projected to earn 0.33pershare,witha6.450.33 per share, with a 6.45% increase in the Zacks Consensus Estimate over the last 30 days, indicating no negative revisions [4]. - For the full year, the expected earnings are 1.22 per share, representing a slight decrease of 0.81% from the prior year, but the consensus estimate has increased by 5.17% due to positive revisions [5]. Zacks Rank - Vector has achieved a Zacks Rank 2 (Buy), indicating strong agreement among analysts in raising earnings estimates, which historically correlates with stock performance [3][6]. - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have shown significant outperformance compared to the S&P 500 [6]. Stock Performance - Vector shares have increased by 24.7% over the past four weeks, suggesting investor confidence in the company's earnings growth prospects [7].