Core Viewpoint - Veren (VRN) is positioned as a strong investment opportunity due to significant revisions in earnings estimates, indicating a positive earnings outlook that may continue to drive stock performance [1][2]. Current-Quarter Estimate Revisions - The expected earnings for the current quarter are $0.25 per share, reflecting a year-over-year increase of +13.64% - The Zacks Consensus Estimate for Veren has risen by 47.06% over the last 30 days, with one estimate increasing and no negative revisions [4]. Current-Year Estimate Revisions - For the full year, the expected earnings are $0.98 per share, which is a decrease of -2% from the previous year - The consensus estimate has increased by 15.35% over the past month, with two estimates moving higher and no negative revisions [5]. Favorable Zacks Rank - Veren currently holds a Zacks Rank 2 (Buy), indicating strong potential based on favorable estimate revisions - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500 [6]. Bottom Line - The stock has gained 23.2% over the past four weeks, driven by solid estimate revisions, suggesting that it may be a good addition to investment portfolios [7].
Will Veren (VRN) Gain on Rising Earnings Estimates?