Verso Corporation closed the most recent trading day at $23.83, moving -0.13% from the previous trading session. This change lagged the S&P 500's daily loss of 0.02%. Meanwhile, the Dow gained 0.29%, and the Nasdaq, a tech-heavy index, lost 0.39%.
Coming into today, shares of the company had lost 8.16% in the past month. In that same time, the Basic Materials sector lost 4.53%, while the S&P 500 lost 2.56%.
Wall Street will be looking for positivity from VRS as it approaches its next earnings report date. This is expected to be March 14, 2019. The company is expected to report EPS of $1.71, up 64.42% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $712.83 million, up 11.55% from the prior-year quarter.
VRS's full-year Zacks Consensus Estimates are calling for earnings of $3.53 per share and revenue of $2.70 billion. These results would represent year-over-year changes of +570.67% and +9.7%, respectively.
Any recent changes to analyst estimates for VRS should also be noted by investors. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. The Zacks Consensus EPS estimate remained stagnant within the past month. VRS is currently a Zacks Rank #1 (Strong Buy).
Looking at its valuation, VRS is holding a Forward P/E ratio of 6.76. Its industry sports an average Forward P/E of 9.56, 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 191, which puts it in the bottom 26% 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) Dips More Than Broader Markets: What You Should Know
Verso Corporation closed the most recent trading day at $23.83, moving -0.13% from the previous trading session. This change lagged the S&P 500's daily loss of 0.02%. Meanwhile, the Dow gained 0.29%, and the Nasdaq, a tech-heavy index, lost 0.39%.
Coming into today, shares of the company had lost 8.16% in the past month. In that same time, the Basic Materials sector lost 4.53%, while the S&P 500 lost 2.56%.
Wall Street will be looking for positivity from VRS as it approaches its next earnings report date. This is expected to be March 14, 2019. The company is expected to report EPS of $1.71, up 64.42% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $712.83 million, up 11.55% from the prior-year quarter.
VRS's full-year Zacks Consensus Estimates are calling for earnings of $3.53 per share and revenue of $2.70 billion. These results would represent year-over-year changes of +570.67% and +9.7%, respectively.
Any recent changes to analyst estimates for VRS should also be noted by investors. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. The Zacks Consensus EPS estimate remained stagnant within the past month. VRS is currently a Zacks Rank #1 (Strong Buy).
Looking at its valuation, VRS is holding a Forward P/E ratio of 6.76. Its industry sports an average Forward P/E of 9.56, 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 191, which puts it in the bottom 26% 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.