Can Vistra (VST) Run Higher on Rising Earnings Estimates?
VistraVistra(US:VST) ZACKS·2024-11-26 18:21

Core Insights - Vistra Corp. (VST) shows a significant improvement in earnings outlook, making it an attractive investment option [1] - Analysts are optimistic about the company's earnings prospects, leading to rising earnings estimates [2] - The Zacks Rank system indicates a strong correlation between earnings estimate revisions and stock price movements [2] Current-Quarter Estimate Revisions - For the current quarter, Vistra is expected to earn $1.15 per share, reflecting a remarkable increase of +339.58% year-over-year [4] - Over the past 30 days, one estimate has increased with no negative revisions, resulting in a 16.24% rise in the Zacks Consensus Estimate [4] Current-Year Estimate Revisions - For the full year, the expected earnings per share is $4.96, representing a year-over-year increase of +38.16% [5] - The consensus estimate has increased by 11.44% over the past month, with one estimate moving higher and no negative revisions [5] Favorable Zacks Rank - The positive estimate revisions have led Vistra to achieve a Zacks Rank 1 (Strong Buy), indicating strong investment potential [6] - Research shows that stocks with Zacks Rank 1 and 2 significantly outperform the S&P 500 [6] Bottom Line - Vistra shares have increased by 20.6% in the past four weeks, indicating investor confidence in the company's earnings growth prospects [7]

Can Vistra (VST) Run Higher on Rising Earnings Estimates? - Reportify